Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
August 2, 2022MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.
July 20, 2022New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.
July 5, 2022Regulatory safeguards and educational efforts mounted by SGX should provide "adequate protection for retail investors and enable them to assess the risk-return trade-offs".
February 21, 2022MAS chairman Tharman Shanmugaratnam said NFTs could be regulated only if they are used to represent capital markets products.
February 17, 2022Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
July 27, 2021The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.
August 4, 2020The Singapore Fintech Association will leverage its network to promote the APIX platform to fintech firms worldwide, while AFIN connects banks with fintechs through the platform.
July 24, 2019The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
July 1, 2019The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.
April 2, 2019