News with the tag "MAS Singapore"

Paxos Digital Singapore Pte. LTD., a key player in the cryptocurrency sector, has recently secured approval from Singapore’s central bank to offer digital payment token services. This pivotal clearance allows Paxos to issue stablecoins that are compliant with Singapore’s regulatory framework, markin...

Eleven people were robbed in Singapore of multiple items including cryptocurrencies and fiat. A new report from local sources shows that the suspect broke into a house in Bukit Timah and carted away with NT$4.34 million worth of assets. According to the report, over four men robbed the victims at a ...

Singapore’s regulatory landscape for the crypto market is evolving, and a recent milestone underscores this shift. GSR Markets, a prominent crypto market maker, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This marks a significant development as ...

Singapore has once again made headlines in the crypto market, with its latest push towards bolstering the regulatory landscape of the digital asset segment. Notably, the Monetary Authority of Singapore (MAS) has announced pivotal changes to the Payment Services Act, extending regulation to include c...

Singapore regulators are working on new rules in order to curb speculative trading among retail crypto players. One of the major proposals is barring retail players from borrowing money for crypto trading. Singapore Central Bank on Crypto Rules According to Singapore’s central bank – the Monetary Au...

The Monetary Authority of Singapore (MAS) unveils initiatives to cover the safety and innovation of Digital Money along with Wholesale CBDC and Singapore dollar infrastructure development. MAS revealed the update on Thursday, November 16, revealing that it is promoting three major initiatives, which...

Paxos, the renowned blockchain and tokenization infrastructure platform, has achieved in-principle approval from the Monetary Authority of Singapore (MAS) for its latest venture, Paxos Digital Singapore Pte. Ltd. Meanwhile, this new entity is set to introduce a USD-backed stablecoin, aligning with M...