Showing 148 Documents for "crypto"
Filter by
Sort by
- MAS
- Consultations
Last revised date:
- In Recommendation 3, IOSCO recommends that a crypto-asset service provider should accurately disclose each role and capacity in which it acts, conflicts when acting in multiple capacities, and how the crypto-asset service provider protects clients against front running trades.
- In May 2023, IOSCO published draft policy recommendations to address market integrity and investor protection issues in crypto-asset markets.
- Similarly, IOSCO recommends that a crypto-asset service provider acting as a market operator should be expected to have resilient systems to effectively support its operation of a central limit order book in a fair, orderly and transparent manner.
- MAS
- Speeches
Last revised date:
- Crypto assets have more recently been in the spotlight for the wrong reasons. This, however, does not reflect where the greatest value of blockchain and digital assets lies, much of which is away from the retail glare. a. Take crypto currencies for example.
- But the blockchain technology underlying cryptocurrencies has potential to improve wholesale cross-border transactions, where the settlement process is far from simple.
- These include stablecoin players, crypto exchanges, and traditional financial institutions. c. We continue to assess new applications. Today, the Monetary Authority of Singapore will be issuing in-principle approvals to three additional digital payment token service licence applicants. 23.
- MAS
- Media Releases
Last revised date:
- Crypto-assets sector – Both countries shared their latest assessments of market developments, opportunities, trends, and longer-term expectations for the crypto-assets sector.
- FinTech and Innovation : The UK and Singapore exchanged views on recent developments in the FinTech sector, including in relation to crypto-assets, and agreed on a number of priority areas for further co-operation. a.
- MAS
- Monographs/Information Papers
Last revised date:
- Yes to Digital Asset Innovation, No to Cryptocurrency Speculation [Speech]. Monetary Authority of Singapore (MAS).
- Retrieved from https://www.mas.gov.sg/news/speeches/2022/yes-to-digital-asset-innovation-no-to- cryptocurrency-speculation Suresh, R., Kumar, S., Liu, D., Kronfellner, B., & Kaul, A. (2022, September 12). Relevance of On-chain Asset Tokenization in Crypto Winter [PDF].
- The report should not be interpreted to reflect any policy directive or legal advice, nor to endorse any specific solution or systems. 5 66 1 Yes to Digital Asset Innovation, No to Cryptocurrency Speculation (Menon, 2022). 2 Relevance of On-chain Asset Tokenization in Crypto Winter.
- MAS
- Consultations
Last revised date:
- The extreme price volatility of cryptocurrencies rules them out as a medium of exchange.
- In addition, like other cryptocurrencies, stablecoins are instruments which can be transferred either on a peer-to-peer basis using private crypto wallets, or through third-party service providers. 2.5 Globally, regulators are in the process of reviewing and implementing the appropriate
- MAS views stablecoins which are algorithmically-pegged, unbacked or backed by other cryptocurrencies to be more susceptible to volatility in value. Correspondingly, such stablecoins will also continue to be treated as DPTs.
- MAS
- Speeches
Last revised date:
- The first misconception about the blockchain is that it is all about crypto currencies or tokens. The blockchain is not only, or even mostly, about crypto currencies or tokens. The blockchain is essentially a technology to establish consensus in a decentralised system.
- The crypto token is an economic incentive to encourage miners to perform the computational work required to keep the network running. This is important for public networks, but may not be required in private consortium networks.
- MAS
- Speeches
Last revised date:
- Crypto tokens failed to achieve scale as more people realised that they did not have the properties of either currencies or assets. Today, crypto tokens are confined to specific purposes and limited ecosystems.
- Popular imagination and regulatory concerns were focused on so-called crypto currencies or assets – essentially crypto tokens which assumed a life of their own as means of payments or investment assets outside the distributed ledger. But the euphoria did not last long.
- MAS
- Parliamentary Replies
Last revised date:
- We thank Mr Choo for his interest in the consultation papers that MAS published, which proposed regulatory measures to reduce the risk of consumer harm from cryptocurrency trading and to require stablecoin issuers to maintain a high degree of value stability. 2.
- Date: For Parliament Sitting on 20 March 2023 Name and Constituency of Member of Parliament Mr Desmond Choo, Tampines GRC Question To ask the Prime Minister (a) what is the outcome of the consultation on proposals to reduce risk of consumer harm from cryptocurrency trading and to support the development
- MAS
- Media Releases
Last revised date:
- For more information on cryptocurrencies and cryptocurrency investments, please refer to MoneySense’s consumer alerts .
- MAS
- Media Releases
Last revised date:
- For more information on cryptocurrencies and cryptocurrency investments, please refer to MoneySense’s consumer alerts .