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Payments & Settlements
MAS to Cooperate with Ghana on Trade and Financial Services
By Editors | 04/11/2022
MAS will work on initiatives to generate greater opportunities for trade and financial services cooperation between Singapore and Ghana.
CBDCs
MAS Launches New Initiative to Advance Cross-Border CBDC Work
By Sanday Chongo Kabange | 04/11/2022
Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.
Payments & Settlements
MAS Proposes to Eliminate Cheque Usage in Singapore
By Editors | 03/11/2022
MAS proposes that financial institutions collectively cease the issuance of new cheque books to all corporates by end-2024.
Payments & Settlements
Singapore Launches Digital Banker’s Guarantees, Insurance Bonds
By Editors | 03/11/2022
Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.
Stablecoins
MAS Grants Approvals to Stablecoin Issuers Paxos, Circle
By Editors | 03/11/2022
Paxos provides has its own stablecoin (USDP) and provides infrastructure for Binance Coin. Circle is the issuer of stablecoins USD Coin and Euro Coin.
DeFi & Web3
BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades
By Editors | 03/11/2022
Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.
DeFi & Web3
First Project Guardian Pilot Completed Using DeFi Protocols
By Editors | 03/11/2022
DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.
Cloud & Infrastructure
MAS: SGFinDex Extended to Include Data on Insurance Policies
By Editors | 03/11/2022
SGFinDex users can now digitally access and aggregate information on life, accident and health insurance policies held across different participating insurers.
Sustainable Finance
MAS, PBOC to Jointly Establish Green Finance Taskforce
By Editors | 02/11/2022
A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.
Sustainable Finance
IDX, MVGX Partner to Develop Indonesia’s Carbon Market
By Editors | 02/11/2022
Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.
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