The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This
The Monetary Authority of Singapore (MAS) has given an “in-principle approval” letter to the Australian crypto exchange, Independent Reserve. The approval comes as the exchange set out to get a Major Payment Institution Licence in Singapore under the Payment Services Act (PSA) to operate as a regulated provider for Digital Payment Token (DPT) Services. This
Crypto exchange Binance seems to be in deep water facing accusations from regulators worldwide. On Friday, July 2, the Thai Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Binance for illegally operating its digital assets business. Upon investigation, the regulator found that Binance provided crypto trading services “by matching
Crypto exchange Binance seems to be in deep water facing accusations from regulators worldwide. On Friday, July 2, the Thai Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Binance for illegally operating its digital assets business. Upon investigation, the regulator found that Binance provided crypto trading services “by matching
Crypto exchange Binance is facing increasing pressure from regulators worldwide. After U.K’s FCA curtailed all Binance operations last week, Singapore’s topmost regulator – Monetary Authority Services (MAS) – has decided to follow up soon amid the rising global crackdown. On Thursday, July 1, the regulator noted that MAS is currently reviewing Binance’s application to provide
Crypto exchange Binance is facing increasing pressure from regulators worldwide. After U.K’s FCA curtailed all Binance operations last week, Singapore’s topmost regulator – Monetary Authority Services (MAS) – has decided to follow up soon amid the rising global crackdown. On Thursday, July 1, the regulator noted that MAS is currently reviewing Binance’s application to provide
Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments. Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by
Singapore’s Central Bank, the Monetary Authority of Singapore (MAS) has partnered with investment banking giant JP Morgan and developed a blockchain prototype for cross-border payments. Payment Settlements Using Different Currencies On Single Network The prototype will enable payment settlements using different currencies on the same network. For the same, Temasek, an investment firm owned by
The Monetary Authority of Singapore (MAS) released yet another caution notice on grounds of cryptocurrency. However, this time, scammers ‘allegedly claimed themselves’ as a company, supported by the Singaporean government. Bogus websites Continue to Emerge In the latest release, MAS warns the public not to be indulged or misled by the ‘fraudulent crypto firm’ which
The Monetary Authority of Singapore (MAS) released yet another caution notice on grounds of cryptocurrency. However, this time, scammers ‘allegedly claimed themselves’ as a company, supported by the Singaporean government. Bogus websites Continue to Emerge In the latest release, MAS warns the public not to be indulged or misled by the ‘fraudulent crypto firm’ which
An official website of Monetary Authority of Singapore (MAS) has published a report of ceasing a security token offering. According to the statement, the firm wasn’t authorized for a certain offering to proceed under the Securities and Future Act (SFA). MAS Ceased ICO Offering The news broke out on Thursday, Jan 24, 2019, via the
An official website of Monetary Authority of Singapore (MAS) has published a report of ceasing a security token offering. According to the statement, the firm wasn’t authorized for a certain offering to proceed under the Securities and Future Act (SFA). MAS Ceased ICO Offering The news broke out on Thursday, Jan 24, 2019, via the
