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- MAS
- Parliamentary Replies
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- They are not legal tender like the notes and coins issued by MAS. They are also not considered securities under the Securities and Futures Act. 3 But Bitcoins are not without risk. MAS has published a consumer alert 2 to warn Singaporeans about these risks.
- Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1 Bitcoin is an example of a virtual currency 1 that is distributed, open-source, peer-to-peer, and is protected by cryptography. 2 MAS currently does not regulate Bitcoins.
- For example, the price of one Bitcoin peaked above USD1,100 in December 2013 and has since dropped to around USD700 in early February 2014. 5 MAS has therefore been advising individuals and businesses to think twice and be cautious about accepting or dealing in virtual currencies.
- MAS
- Parliamentary Replies
Last revised date:
- The Monetary Authority of Singapore (MAS) has been closely studying these developments and the potential risks they pose. As of now, there is no strong case to ban cryptocurrency trading here. But we will be subjecting those involved as intermediaries to our anti-money laundering regulations.
- MAS is watching these developments closely and is part of the regulatory discussions internationally on how the risks posed by cryptocurrencies are best addressed. 14.
- MAS has issued advisories to warn members of the public of the risks of investing in cryptocurrencies. We will continue to work with the media to highlight these risks.
- MAS
- Media Releases
Last revised date:
- Singapore, 9 November 2021… The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.
- data gaps will enable financial institutions to direct capital towards sustainability projects in a more scalable way, effectively monitor their sustainability commitments, and quantify the risks and real-world impact of their portfolios. 3 Since the announcement of Project Greenprint last December, MAS
- These include interoperable data platforms that can aggregate new and existing sustainability data across multiple sectoral platforms and industry players; and enable sharing of the data across different stakeholders. 4 MAS will work with the industry to pilot four common utility platforms, with the
- MAS
- Media Releases
Last revised date:
- The SFF is organised by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore and in collaboration with Constellar.
- Singapore, 12 July 2021… The Monetary Authority of Singapore (MAS) today announced the launch of the inaugural Global Veritas Veritas is a framework which enables financial institutions to evaluate their AIDA-driven solutions against the FEAT principles.
- The competition seeks to accelerate the development of solutions which validate artificial intelligence and data analytics (AIDA) solutions against the fairness, ethics, accountability and transparency (FEAT) MAS co-created FEAT with the financial industry in 2018 to strengthen internal governance around
- MAS
- Exemptions
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- MONETARY AUTHORITY OF SINGAPORE
- SFA13-N02 revised on 5 October 2018, which is published on MAS website www.mas.gov.sg (Published Version); and (b) Text which is coloured and underlined represents insertion which will appear in the Published Version.
- [SFA13-N02 (Amendment) 2018] MONETARY AUTHORITY OF SINGAPORE -------- NOTICE ON ANNUAL DECLARATION FOR NOTIFICATIONS OF RESTRICTED SCHEMES * Notes on History of Amendment SFA13-N02 (Amendment) 2018 with effect from 8 October 2018. 1.
- MAS
- Monetary Policy Statements
Last revised date:
- MAS’ inflation forecasts for 2017 remain unchanged from the October 2016 MPS. MAS Core Inflation is projected to average 1–2%, compared to 0.9% in 2016, while CPI-All Items inflation is expected to rise to 0.5–1.5% from −0.5% last year. MONETARY POLICY 11.
- MAS Core Inflation, which excludes the costs of private road transport and accommodation, edged up to average 1.3% year-on-year in January–February 2017, from 1.2% in Q4 2016.
- MAS will therefore maintain the rate of appreciation of the S$NEER policy band at zero percent. The width of the policy band and the level at which it is centred will be unchanged.
- MAS
- Monetary Policy Statements
Last revised date:
- MAS Core Inflation, which excludes the costs of private road transport and accommodation, eased to 1.2% y-o-y in January-February 2015 from 1.6% in Q4 2014.
- In January 2015, MAS reduced the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to its width and the level at which it was centred.
- CPI-All Items inflation and MAS Core Inflation will stay subdued this year due to lower oil prices and moderate pass-through of accumulated domestic cost increases. Growth 5.
- MAS
- Monetary Policy Statements
Last revised date:
- As a result, MAS Core Inflation is forecast to rise gradually over the course of 2016 towards its historical average of close to 2%. For the year as a whole, MAS Core Inflation is projected to average 0.5–1.5% in 2016, compared to around 0.5% in 2015. 9.
- MAS Core Inflation is expected to pick up gradually over the course of 2016 towards its historical average. 11. MAS will therefore continue with the policy of a modest and gradual appreciation of the S$NEER policy band. However, the rate of appreciation will be reduced slightly.
- MAS Core Inflation, which excludes the costs of private road transport and accommodation, remained subdued at 0.3% y-o-y in July-August 2015, following the 0.2% registered in Q2.
- MAS
- Monetary Policy Statements
Last revised date:
- All in, beyond the near-term pickup, MAS Core Inflation is forecast to rise only gradually for the rest of the year and come in at 0–1% in 2021. 10.
- As core inflation is expected to stay low this year, MAS assesses that an accommodative policy stance remains appropriate. *** Related: Past Monetary Policy Decisions
- MAS Core Inflation, which excludes the costs of accommodation and private transport, rose marginally to 0% year-on-year in January–February 2021, from −0.2% in Q4 2020.
- MAS
- Media Releases
Last revised date:
- Singapore, 9 November 2021… The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.
- data gaps will enable financial institutions to direct capital towards sustainability projects in a more scalable way, effectively monitor their sustainability commitments, and quantify the risks and real-world impact of their portfolios. 3 Since the announcement of Project Greenprint last December, MAS
- These include interoperable data platforms that can aggregate new and existing sustainability data across multiple sectoral platforms and industry players; and enable sharing of the data across different stakeholders. 4 MAS will work with the industry to pilot four common utility platforms, with the