Singapore

Fintech / Regtech

PayNow-UPI Linkage is Ready for Launch: MAS Official

By Editors | 11/01/2023

MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is “ready and waiting for launch”.

ESG / Sustainability

SGX RegCo Finalises Rules on Independent Director Tenure

By Editors | 11/01/2023

Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.

Crypto / Digital Assets

Singapore’s New Crypto Rules Too Restrictive, Says Industry Body

By Editors | 10/01/2023

A blanket ban on providing credit could push retail investors to lend their crypto tokens via unregulated offshore firms.

Enforcement

Singapore: Youth Pleads Guilty Over OCBC Phishing Scams

By Editors | 08/01/2023

The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.

Crypto / Digital Assets

Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack

By Editors | 05/01/2023

BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.

Enforcement

Singapore Imposes 36-Year Jail Sentence for Market Manipulation

By Editors | 03/01/2023

John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.

Market Infrastructure

Two More ETFs List via Singapore-Shenzhen Trading Link

By Editors | 31/12/2022

SGX listed its second ETF via the SZSE-SGX ETF Link. SZSE listed its first ETF via the link. The two ETFs have a combined AUM of over SGD 270 million.

Enforcement

SGX RegCo Bars UOBKH from Acting as Issue Manager

By Editors | 29/12/2022

SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.

Enforcement

Singapore Jails Man for Spoofing, False Telegram Statements

By Editors | 20/12/2022

Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.