Showing 148 Documents for "crypto"
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- MAS
- Media Releases
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- For more information on cryptocurrencies and cryptocurrency investments, please refer to MoneySense’s consumer alerts .
- MAS
- Media Releases
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- Wirex is the world's first crypto-enabled payment card that gives users the ability to spend crypto and traditional currencies in real life seamlessly.
- Crypto-enabled payment card solution Award Category: Singapore Financial Institution Arabesque Asset Management Singapore Pte. Ltd.
- ProTectTM, caters to digital asset custody needs on an integrated platform, including digital securities, cryptocurrencies, stablecoins, NFTs, and fiat.
- MAS
- Economic Essays
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- Cœuré, B (2018), The New Frontier of Payments and Market Infrastructure: on Cryptos, Cyber and CCPs, Welcome Remarks at the Economics of Payments IX Conference, Basel.
- Alternatively, residents could receive tokens of cryptocurrencies with a stable value tied to major fiat currencies (such as the US dollar). Payments with tokens would be backed by bank deposits and banks in handling would maintain their key role transactions.
- By using cryptocurrencies and open source APIs, the next generation of payment systems will be an improvement over current fast payment systems in Asia, Europe and the US, including in cross-border payments.4 Technology platforms in China such as Alibabas Alipay and Tencents
- MAS
- Parliamentary Replies
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- asset exposure; and (b) what are the risk-weighting requirements applicable to crypto asset exposures in assessing Singapore banks’ capital adequacy.
- NO 2448 NOTICE PAPER 1549 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 28 November 2022 Name and Constituency of Member of Parliament Ms He Ting Ru, MP, Sengkang GRC Question : To ask the Prime Minister (a) what are MAS's requirements as to the prudential treatment of Singapore banks’ crypto
- MAS
- Parliamentary Replies
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- The Act covers cryptocurrencies, or digital payment tokens (“DPT”) as we would call it, as well as e-money, and domestic and cross-border fund transfers.
- QUESTION NO 2886 NOTICE PAPER 1719 OF 2019 FOR WRITTEN ANSWER Date: For Parliament Sitting on 8 July 2019 Name and Constituency of Member of Parliament Miss Cheryl Chan Wei Ling, MP, Fengshan SMC Question: To ask the Prime Minister in light of Facebook's plans to introduce the Libra cryptocurrency, whether
- MAS
- Media Releases
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- This collaboration with MIT signals the growing role that cryptocurrencies and blockchain technology are beginning to play in the financial industry.
- It also underscores the value of industry working with academic institutions that can provide unbiased evaluation and feedback and help bring about further innovation. 4 Neha Narula, Director of the Digital Currency Initiative at the MIT Media Lab, said, “Cryptocurrencies and blockchain technology
- MAS
- Parliamentary Replies
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- With advancement in technology, new virtual means of payment have emerged, such as cryptocurrency, which is a form of digital token secured by cryptography. They are not legal tender. But some people put their trust in them and use them as a means of payment.
- QUESTIONS NO 1494 NOTICE PAPER 869 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 2 October 2017 Name and Constituency of Member of Parliament Mr Saktiandi Supaat, MP, Bishan-Toa Payoh GRC Question: To ask the Minister for Finance (a) how prevalent is the use of cryptocurrency in Singapore
- MAS
- Consultations
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- Unlike traditional financial transactions, where fiat currencies play the primary role, the majority of DPT transactions only involve cryptocurrencies. A cryptocurrency can be changed to different types of cryptocurrencies multiple times.
- Receipts/documentation on original purchase of cryptocurrency from an exchange or similar intermediary 3.
- Receipts/documentation on original purchase of cryptocurrency from an exchange or similar intermediary 3.
- MAS
- Media Releases
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- The Police received complaints from at least 40 Singapore residents about Arotrade, an online platform allegedly registered in Belize purporting to offer trading in Contracts for Difference (CFDs) for different asset classes such as stocks, foreign exchange, commodities, cryptocurrency and indices under
- Police investigations revealed that Arotrade has been linked to fraudulent marketing tactics, including the use of fake news articles falsely claiming that prominent individuals, including Singapore’s Political Office Holders, have endorsed investments in cryptocurrency, which misled and channelled people
- MAS
- Media Releases
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- Powered by Typology Repository Management and Automated Machine Learning, Tookitakis solution is able to detect money laundering cases using cryptocurrency via crypto exchanges or their combination with banks.
- their various AML solutions (Investigations, Reclaim Crypto, AMLT) together, allowing for a one-stop platform for AML needs. Through their platform, users are able to sign and verify files on the blockchain and trace in real-time any misappropriated funds.
- Tookitakis solution is capable of monitoring and combating anti-money laundering/combating the financing of terrorism (AML/CFT) risks through crypto assets. This has been a constant concern for regulators due to their newness in the market, easy logistics and high volume and velocity.