A two-tier prototype system was developed to test intermediated CBDC as well as stablecoins backed by CBDC in the interbank system.
October 25, 2022PayPal has to relaunch services in Thailand to comply with new tax reporting rules and local AML regulations.
February 17, 2022The bill will strengthen the legal framework for financial consumer welfare and foster greater public awareness on cybersecurity, the BSP said.
October 6, 2021The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
September 21, 2021The bill requires banks and non-bank FIs to "exhaust all means to ensure that victims are able to recover their monetary loss, if any".
September 17, 2021The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have "substantial market presence".
June 15, 2021The Tencent-backed virtual bank allows customers to bind their bank accounts to WeChat Pay HK for use in making payments in Hong Kong, China and Macau.
December 23, 2020Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.
December 17, 2020Non-real-name account holders will not be able to transfer money to other banks or e-wallets, or make cross-border remittances.
December 16, 2020The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.
November 3, 2020