Singapore

Cybersecurity

MAS Partners with Banks and Tech Firms on Quantum Security

By Nithya Subramanian | 15/08/2024

MAS and participating banks will experiment with “Quantum Key Distribution” solutions to address the cybersecurity threats posed by quantum computing.

Custody & Infrastructure

DBS Pilots New Blockchain-Powered Treasury Management Platform

By Nithya Subramanian | 14/08/2024

DBS said Ant International will pilot the platform, reducing the time taken to settle cross-border intra-group transactions to seconds.

Structural Regulation

MAS Publishes Compliance Toolkits for LFMCs and VCF Managers

By Nithya Subramanian | 14/08/2024

The compliance toolkits offer fund managers guidance on approvals, notifications and other regulatory submissions.

Custody & Infrastructure

MAS Grants MPI License to Crypto Custody Firm BitGo

By Nithya Subramanian | 14/08/2024

BitGo will be able to provide institutional clients with secure digital asset transactions through its insured cold storage custody platform.

Tokenisation

The Path Forward: Making Tokenisation a Reality in Singapore

By Justin Christopher | 13/08/2024

Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.

Fraud, Scams & Cybercrime

Singapore Court Sentences Crypto CTO for Investment Scam

By Ranamita Chakraborty | 09/08/2024

Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.

Cryptocurrency

UK FCA Issues Further Guidance on Crypto Advertising

By Ranamita Chakraborty | 09/08/2024

An FCA review found both positive examples of good practice and instances where firms failed to meet regulatory standards around financial promotions.

Structural Regulation

Vietnam, Singapore Agree to Boost Stock Exchange Cooperation

By Nithya Subramanian | 08/08/2024

The Vietnam Stock Exchange and Singapore Exchange will work together to develop products and boost stock and derivatives listings.

Capital Adequacy

MAS Pledges to Ensure Allianz-Income Deal Honours Existing Policies

By Nithya Subramanian | 07/08/2024

MAS will hold Income and Allianz accountable to their commitments to all policyholders and protect their interests, said Chee Hong Tat.