Singapore

Crypto / Digital Assets

MAS Proposes Common Digital Money Standards

By Karen Ng | 21/06/2023

MAS has published a whitepaper specifying conditions for the use of digital money.

Enforcement

Singapore Sentences Two Former Wirecard Employees to Jail

By Karen Ng | 21/06/2023

These are the first convictions in the Wirecard scandal that brought down the German payment processor.

NSE, SGX Set for Full Launch of Trading Link on 3 July

By Manesh Samtani | 21/06/2023

NSE’s GIFT City unit unveiled a new corporate brand identity in preparation for the full-scale launch of its trading link with SGX.

Enforcement

SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules

By Karen Ng | 19/06/2023

The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Securities / Derivatives

DBS Launches New Multi Family Office Platform for UHNW Families

By Sanday Chongo Kabange | 19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

Fintech / Regtech

MAS Supports Balanced Approach to BNPL Regulation

By Editors | 16/06/2023

MAS said overly strict regulations would unnecessarily restrict BNPL providers and limit consumer choices.

AML / KYC

Singapore Minister Calls for Global Cooperation on Scams

By Karen Ng | 15/06/2023

Minister of State Sun Xueling said every country needs to set up the equivalent of an Anti-Scam Command and participate in information sharing

Crypto / Digital Assets

MAS Grants Crypto Bank Sygnum In-Principle Licence Approval

By Editors | 14/06/2023

Sygnum said it would expand its Singapore offering to include regulated crypto brokerage services, available to accredited and institutional investors.