MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.
March 6, 2024While three Chinese nationals working in Singapore alleged breach of agreements and sought compensation. Samlit said it fulfilled all its obligations.
January 29, 2024The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.
December 19, 2023The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.
December 8, 2023The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
December 8, 2023The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.
December 8, 2023Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.
October 11, 2023India will interlink the UPI with the UAE's Instant Payments Platform. The RuPay switch and UAESWITCH card switches will also be interlinked.
October 9, 2023Beijing and Shanghai authorities announced measures that allow investment capital from foreign investors to freely flow in and out of China.
September 27, 2023HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it "increasingly challenging" to operate.
September 11, 2023