Monetary Authority of Singapore

Crypto / Digital Assets

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.

Crypto / Digital Assets

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.

Crypto / Digital Assets

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.

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.

Crypto / Digital Assets

MAS Grants MPI License to HashKey’s OTC Trading Arm

By Ranamita Chakraborty | 06/08/2024

The licence authorises HashKey Technology Services to offer OTC trading services for digital payment tokens in Singapore.

AML / KYC

MAS to Require Family Offices to Undergo Screening Process

By Ranamita Chakraborty | 06/08/2024

From 1st October, Singapore-based family offices must complete a screening process with approved providers to qualify for tax incentives.

MAS Proposes New Rules to Improve Retail Client Safeguards

By Ranamita Chakraborty | 06/08/2024

The new requirements are designed to strengthen pre- and post-transaction safeguards for investment products.

MAS to Adjust Remuneration Rules for Financial Advisors

By Nithya Subramanian | 06/08/2024

The rules seek to promote proper supervision of financial advisers and reduce conflicts of interest and conduct risks in the industry.

AML / KYC

MAS Consults on Suspension of Certain China Remittance Channels

By Nithya Subramanian | 06/08/2024

MAS proposes to continue with the suspension announced last December and to expand its scope to include legal entities.