Tag Archives: mas

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...

CoinspeakerSingapore Unveils Comprehensive Regulatory Framework for Stablecoins MAS said that only stablecoin issuers meeting the requirements of the newly introduced guidelines would only be considered for regulation.  Singapore Unveils Comprehensive Regulatory Framework for Stablecoins

CoinspeakerSingapore Grants Blockchain.com Major Payment Institution License The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors. Singapore Grants Blockchain.com Major Payment Institution License

CoinspeakerSingapore Financial Authority Orders Crypto Companies to Keep Customer Assets in Trust  To ensure the effective implementation of the new requirements, the financial regulator of Singapore has opened the draft legislative amendments to public feedback. Singapore Financial Authority Orders Crypto Companies to Keep Customer Assets in Trust 

Singapore’s MAS created the report with 11 banking giants to run several pilots improve market issuance by tokenizing assets. The Monetary Authority of Singapore (MAS) is proposing a framework to develop open and interoperable networks for tokenizing assets. On Monday, the central bank published a report containing details of its proposal, called Project Guardian. The publication states that the MAS is already collaborating with 11 organizations working to develop and test tokenization...

Securing this recent license will allow Crypto.com to offer DPT services to a wide range of customers in Singapore. In a major development, Crypto.com announced that it has secured the license of a Major Payment Institution (MPI) from the Monetary Authority of Singapore (MAS) for offering Digital Payment Token (DPT) services in the region. Previously, Crypto.com received its in-principle approval from the MAS last year in June 2022. Having secured the license recently, the platform will be...

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The Monetary Authority of Singapore (MAS) approved ICHX Tech Pte, iSTOX’s parent company, as a market operator on February 1, granting it a capital markets services license, Bloomberg reports. The approval sets iSTOX up as one of the first securities token platforms to receive this license, ICXH Tech stated.The license removes several restrictions from the platform, allowing the startup to increase the size of its issuance as well as the number of investors it can take on.iSTOX uses...

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the...