Monetary Authority of Singapore

Cryptocurrency

Hong Kong Firm Targets Spot Bitcoin ETF Launch in Q1

By Nithya Subramanian | 22/01/2024

Venture Smart Financial Holdings aims to accumulate USD 500 million in assets under management by the end of 2024.

Cryptocurrency

Spot Bitcoin ETFs Not Suitable for Singapore Retail Investors: MAS

By Editors | 19/01/2024

Those who choose to trade spot Bitcoin ETFs in overseas markets must exercise extreme caution, MAS said.

AI Risk & Governance

AI Tightrope: Striking the Balance Between Rapid Deployment and Safety

By Ranamita Chakraborty | 16/01/2024

Experts weigh in on safety considerations for AI deployment amid a lack of specific regulation, especially for the financial sector.

Fraud, Scams & Cybercrime

Singapore Police Using RPA Tech to Disrupt Scams

By Editors | 12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

Custody & Infrastructure

MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

By Editors | 12/01/2024

BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.

Structural Regulation

New Bill to Give MAS Greater Investigative Powers

By Nithya Subramanian | 11/01/2024

The proposed law broadens the regulator’s power over unregulated businesses and expands its oversight on key appointments and removals.

Cryptocurrency

Singapore: AsiaNext Launches Trading in Crypto Derivatives

By Editors | 09/01/2024

AsiaNext said its trading members already include B2C2, Wintermute Group, JB Drax Honoré and Trovio Group.

Cryptocurrency

MAS Awards Major Payment Institution Licence to Upbit Singapore

By Ranamita Chakraborty | 09/01/2024

The licence means Upbit now has regulated digital asset businesses in Singapore, Korea, Indonesia and Thailand.

Resolution & Recovery

MAS Finalises Recovery Planning Requirements for Insurers

By Nithya Subramanian | 02/01/2024

Recovery plans should include a “framework of recovery triggers”, an escalation process, a menu of recovery options, and a communication plan.