Singapore

Crypto / Digital Assets

UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider

By Manesh Samtani | 02/08/2021

MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.

Securities / Derivatives

DBS, Temasek to Launch Debt Financing Platform, EvolutionX

By Editors | 01/08/2021

The new platform will help founder entrepreneurs avoid dilution of share equity in their companies’ initial stages of development.

Market Infrastructure

Singapore Offers Guidance on Converting Legacy SOR Contracts

By Manesh Samtani | 29/07/2021

Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

Capital / Liquidity

MAS Ends Dividend Cap for Banks, Finance Companies

By Editors | 29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

AML / KYC

MAS to Review Liability Framework for Card Scams by Year-end

By Ranamita Chakraborty | 27/07/2021

The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.

AML / KYC

Singapore: “Several” DPT Licences in Final Stages of Review

By Editors | 27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.

Securities / Derivatives

SGX Expands Into FX OTC Space with Another Acquisition

By Editors | 26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.