Showing 2492 Documents for "DPT"
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- MAS
- Consultations
Last revised date:
- payment token services should also be included as pre- defined sandboxes.
- digital payment tokens as defined under the upcoming Payment Services Act) are not eligible for this Sandbox Express, would they have to apply for the currently available Sandbox?
- Including digital payment token services within the express sandbox is also justified, on the condition that there are certain limitations as to the service being provided.
- MAS
- Consultations
Last revised date:
- Virtual currency (digital payment token) services.
- However, future publications relating to the PSB will utilise the term digital payment tokens instead.
- Virtual currency will be renamed as digital payment token to reflect its payment function within the broader rubric of digital tokens.
- MAS
- Monographs/Information Papers
Last revised date:
- Project Dunbar proved that financial institutions could use CBDCs issued by participating central banks to transact directly with each other on a shared platform. This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions. The project identified three critical questions: which entities should be allowed to hold and transact with CBDCs issued on the platform? How could the flow of cross-border payments be simplified
- MAS
- Speeches
Last revised date:
- Today, the Monetary Authority of Singapore will be issuing in-principle approvals to three additional digital payment token service licence applicants. 23. Singapore remains keen to work with blockchain and digital asset players. a.
- In the past two years, Singapore granted licenses and in-principle approvals to 11 digital payment token service providers. These include stablecoin players, crypto exchanges, and traditional financial institutions. c. We continue to assess new applications.
- MAS
- Financial Stability Reviews
Last revised date:
- The Monetary Authority of Singapore (MAS) conducts regular assessments of risks and vulnerabilities arising from developments in Singapore and the global economy, and assesses their implications for the soundness and stability of Singapore’s financial system. The analyses and results are contained in the Financial Stability Review (FSR), which aims to contribute to a greater understanding among market participants, analysts and the public on issues affecting Singapore's financial system. November
- MAS
- Media Releases
Last revised date:
- Singapore, 25 November 2020... The Monetary Authority of Singapore (MAS) announced today the 20 finalists for the 2020 Global FinTech Hackcelerator. The finalists this year comprise several unique solutions that seek to drive positive social and environmental impact within the financial sector, in response to the challenges posed by COVID-19 and climate change. The Global FinTech Hackcelerator identifies innovative market-ready solutions to address real industry needs. The finalists will pitch their
- MAS
- Monographs/Information Papers
Last revised date:
- Payment Token (DPT) service providers operating in Singapore to be licensed.
- MAS has enhanced our surveillance capabilities to proactively detect DPT service providers that operate illegally in Singapore. This involves analysing a wide range of datasets, including information from public sources.
- Proactive detection of misconduct ˃ DPT service providers that operate illegally in Singapore without a licence ˃ Potential mis-selling and other forms of misconduct in the FA industry Early intervention to mitigate risks and potential harm to investors and consumers Long-term goal for industry
- MAS
- Parliamentary Replies
Last revised date:
- payment token service providers licensed by MAS.
- It is therefore not possible to determine the proportion of cryptocurrency holdings that the public has obtained through MAS-licensed DPT service providers. 2. MAS has continued to reiterate its warnings that retail investors should not trade in cryptocurrencies.
- QUESTION NO 2113 NOTICE PAPER 1336 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 12 September 2022 Name and Constituency of Member of Parliament Mr Derrick Goh, MP, Nee Soon GRC Question : To ask the Prime Minister what is the current percentage of the public’s retail exposure to digital
- MAS
- Speeches
Last revised date:
- The Honourable Chief Justice Sundaresh Menon, The Honourable Justice Lee Seiu Kin, Distinguished guests, ladies and gentlemen, good morning. And to all our foreign guests, a warm welcome to Singapore. "The Geeks Shall Inherit the Earth” Technology is changing the way we live, work, and play. Robots and unmanned drones are becoming more common. Robotic cleaners like iRobot have lightened the load of household chores. Pizza restaurants in cities ranging from Mumbai to Moscow have started to deliver
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Consultation Paper on Technology Risk Management Guidelines (514.1 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Technology Risk Management Guidelines (370.2 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION PAPER ON THE TECHNOLOGY RISK MANAGEMENT GUIDELINES 1 Introduction 1.1 On 13 June 2012, MAS conducted a consultation on the Technology Risk Management Guidelines, (the Guidelines). The Guidelines include guidance on existing