Singapore

Crypto / Digital Assets

MAS Mulls New Restrictions on Retail Investment in Crypto

By Editors | 05/07/2022

New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.

Crypto / Digital Assets

Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy

By Manesh Samtani | 05/07/2022

The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

Capital / Liquidity

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

By Editors | 01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Crypto / Digital Assets

ADDX, CCB Partner to Enable Chinese Offshore Investments

By Editors | 24/06/2022

The CCB agreement allows ADDX to operationalise an arrangement with ICHAM to channel QDLP funds from mainland investors into overseas digital securities.

Fintech / Regtech

DBS Launches Overseas QR Payments for Singapore Users

By Editors | 24/06/2022

Users of the DBS mobile payment and wallet service known as PayLah! can scan UnionPay QR codes to pay in 45 countries.

Fintech / Regtech

Mojaloop Launches CBDC Center of Excellence in Singapore

By Editors | 24/06/2022

MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.

Crypto / Digital Assets

MAS Grants Three More In-Principle Approvals to Crypto Firms

By Manesh Samtani | 22/06/2022

Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.

ESG / Sustainability

ACRA, SGX to Develop Sustainability Reporting Roadmap

By Editors | 22/06/2022

New advisory committee to develop roadmap for wider implementation of sustainability reporting in Singapore, beyond SGX-listed companies.

ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

By Sanday Chongo Kabange | 22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.