Singapore

Crypto / Digital Assets

Crypto Firm Hodlnaut Applies for Judicial Management in Singapore

By Editors | 18/08/2022

The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.

AML / KYC

Singapore Proposes Mandatory SMS Sender Registration to Combat Scams

By Darien Choong | 18/08/2022

IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.

Securities / Derivatives

Investment Funds Increasingly Setting Up as Singapore VCCs

By Editors | 17/08/2022

Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.

Crypto / Digital Assets

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

By Editors | 11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Capital / Liquidity

MAS Revises Notice to Implement IRRBB Disclosure Requirements

By Editors | 09/08/2022

The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.

Fintech / Regtech

MAS Sets Out Expectations on Third Party Risk Management 

By Editors | 08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

AML / KYC

DBS-led Hackathon to Tackle Fraud Challenges

By Editors | 04/08/2022

More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.

ESG / Sustainability

Data with Destiny: Bridging Asia’s ESG Information Gap

By Editors | 02/08/2022

While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

Crypto / Digital Assets

MAS Grants DPT Licences to Sparrow, Digital Treasures Center

By Manesh Samtani | 02/08/2022

Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.