Singapore

Crypto / Digital Assets

Singapore Finalises Regulatory Framework for Stablecoins

By Ranamita Chakraborty | 15/08/2023

Stablecoin issuers will have to meet specific requirements on reserve assets, capital, liquid assets and disclosure to become licensed in Singapore.

Capital / Liquidity

SGX Updates Rules for Life Sciences Listings

By Ranamita Chakraborty | 10/08/2023

Singapore Exchange has clarified that companies seeking a mainboard listing through the life sciences framework do not need to be revenue-generating.

AML / KYC

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

Crypto / Digital Assets

MAS Grants Blockchain.com Major Payment Institution License

By Ranamita Chakraborty | 08/08/2023

Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

Fintech / Regtech

MAS Earmarks S$150m to Propel Innovation in Financial Sector

By Editors | 08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

Enforcement

Former Remisier Extradited from Spain to Face Fraud Charges in Singapore

By Mark Johnston | 04/08/2023

A former Maybank Kim Eng Securities remisier faces 52 charges for misappropriating SGD 13 million of client funds.

ESG / Sustainability

SGX-listed Companies Score High in Corporate Governance Study

By Ranamita Chakraborty | 03/08/2023

A recent study assessed the corporate governance practices of Singapore-listed companies, covering board responsibilities, rights of shareholders, engagement of stakeholders, accountability and audit, and disclosure and transparency.

Fintech / Regtech

MAS Says Risk of ‘Herding’ from AI Use is Low

By Editors | 02/08/2023

MAS chairman Lawrence Wong addressed queries on the impact of AI on trading platforms in financial markets.

AML / KYC

MAS Proposes Framework for SFOs to Boost AML Measures

By Ranamita Chakraborty | 01/08/2023

The revised framework introduces a harmonised class exemption for single family offices (SFOs) with specific requirements to ensure that all SFOs are subject to anti-money laundering (AML) controls.