Monetary Authority of Singapore

The Monetary Authority of Singapore is Singapore's central bank and financial regulatory authority. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance.

(source: mas.gov.sg)

NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
NY Fed Teams With Singapore on Multicurrency Cross-Border CBDC Project
May 19, 2023  |  CBDC

Cross-border payments are a major railway for facilitating the functioning of the global economy. Yet they face significantly greater challenges including slower speeds, more restricted...

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Singapore Reportedly Developing Standards Around Banks and Digital Assets
Singapore Reportedly Developing Standards Around Banks and Digital Assets
April 06, 2023  |  Cryptocurrency

Cryptocurrency and digital asset companies can expect greater scrutiny from banks in Singapore. Banks, the central bank and police in the city-state are working together...

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BaFin Bans SVB From Doing Business in Germany
BaFin Bans SVB From Doing Business in Germany
March 13, 2023  |  Banking

Aftershocks from the collapse of Silicon Valley Bank continue to be felt around the world. For example, Germany’s financial regulator said Monday (March 13) that...

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Singapore and India Debut Cross-Border Payment Link
Singapore and India Debut Cross-Border Payment Link
February 21, 2023  |  Partnerships

India and Singapore have linked their real-time payment systems to simplify cross-border remittances. The two countries’ central banks announced the linkage Tuesday (Feb. 21), saying...

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FinTechs Bring Payments Innovation to Connected Economy Leader Singapore
FinTechs Bring Payments Innovation to Connected Economy Leader Singapore
February 15, 2023  |  Connected Economy

The world’s most digitally connected country is also a lead innovator in facilitating international business payments. The PYMNTS Q3 2022 ConnectedEconomy™ Index, “How the World...

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Fiserv Gets OK to Offer Cross-Border Transfers in Singapore
Fiserv Gets OK to Offer Cross-Border Transfers in Singapore
January 31, 2023  |  Cross Border Commerce

Payments firm Fiserv has won approval to expand its offerings in Singapore. The Monetary Authority of Singapore (MAS) has granted Fiserv a Major Payment Institution...

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Payoneer to Expand Payments Services Offering in Singapore 
Payoneer to Expand Payments Services Offering in Singapore 
December 16, 2022  |  Payment Methods

Payoneer will soon be able to offer additional payments services to companies located in Singapore.  In a Friday (Dec. 16) press release, the commerce technology company said...

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Singapore’s MAS Launches CBDC Test Ubin+
Singapore’s MAS Launches CBDC Test Ubin+
November 03, 2022  |  CBDC

The Monetary Authority of Singapore (MAS) has debuted Ubin+, a program to test the use of a wholesale central bank digital currency (CBDC) for cross-border...

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Singapore Tests Programmable Money as CBDC Alternative
Singapore Tests Programmable Money as CBDC Alternative
October 31, 2022  |  CBDC

The Monetary Authority of Singapore and DBS Bank are running a trial of tokenized Singapore dollars that can be programmed for specific uses and allow merchants...

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