Showing 2492 Documents for "DPT"
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- MAS
- Speeches
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- Mr Mark Austen, CEO ASIFMA, Distinguished guests, Ladies and gentlemen, 1 Good morning. Thank you for inviting me to join you at this 2018 ASIFMA Annual Conference. Post-crisis Regulatory Reforms 2 It has been ten years since the Global Financial Crisis. Many of you will be familiar with the post-crisis reforms to make the financial system more stable and resilient, such as on the quality and quantity of banking regulatory capital and the enhanced liquidity requirements. A minimum leverage
- MAS
- Notices
Last revised date:
- or a limited partnership. 4 -------- digital payment token transfer service means the service of accepting digital payment token from one digital payment token address or account, whether in Singapore or outside Singapore, as principal or agent, for the purposes of transferring,
- or arranging for the transfer of, the digital payment token to another digital payment token address or account, whether in Singapore or outside Singapore; [MAS Notice 626 (Amendment) 2022] digital token means (a) a digital payment token; or (b) a digital CMP token; [MAS Notice
- payment tokens or instruments enabling control over digital payment tokens; [MAS Notice 626 (Amendment) 2022] customer, in relation to a bank, means a person (whether a natural person, legal person or legal arrangement) - (a) with whom the bank establishes or intends to establish business
- MAS
- Notices
Last revised date:
- defined in section 2(1) of the PS Act; [MAS Notice 1014 (Amendment) 2022] digital payment token transfer service means the service of accepting digital payment token from one digital payment token address or account, whether in Singapore or outside Singapore, as principal or agent, for
- the purposes of transferring, or arranging for the transfer of, the digital payment token to another digital payment token address or account, whether in Singapore or outside Singapore; [MAS Notice 1014 (Amendment) 2022] digital token means (a) a digital payment token; or (b)
- payment tokens or instruments enabling control over digital payment tokens; [MAS Notice 1014 (Amendment) 2022] customer, in relation to a merchant bank, means a person (whether a natural person, legal person or legal arrangement) - (a) (b) with whom the merchant bank establishes
- MAS
- Speeches
Last revised date:
- Good morning. Thank you for joining us today. Let me start with the elephant in the room. MAS seems to be sending mixed signals when it comes to crypto and digital assets. On the one hand, MAS is promoting Singapore as a FinTech hub, partnering industry to explore distributed ledger technology (DLT), and supporting innovation in digital asset use cases. MAS has said it wants to attract leading crypto players to Singapore. On the other hand, MAS has a stringent and lengthy licensing process for those
- MAS
- Speeches
Last revised date:
- Buying or selling digital payment tokens (commonly known as cryptocurrencies), or providing a platform to allow persons to exchange digital payment tokens in Singapore. Money-changing service Buying or selling foreign currency notes in Singapore. 1
- The payment services regulated under the Bill are: a) account issuance service; b) domestic money transfer service; c) cross border money transfer service; d) merchant acquisition services; e) e-money issuance service; f) digital payment token service; g) money-changing service.
- Domestic money transfer service Cross border money transfer service Merchant acquisition service E-money issuance service Digital payment token service Providing local funds transfer service in Singapore. This includes payment gateway services and payment kiosk services.
- MAS
- Notices
Last revised date:
- the service of accepting digital payment token from one digital payment token address or account, whether in Singapore or outside Singapore, as principal or agent, for the purposes of transferring, or arranging for the transfer of, the digital payment token to another digital payment
- payment token has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 824 (Amendment) 2022] digital payment token service has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 824 (Amendment) 2022] digital payment token transfer service means
- payment tokens or instruments enabling control over digital payment tokens; [MAS Notice 824 (Amendment) 2022] (a) (b) customer, in relation to a finance company, means a person (whether a natural person, legal person or legal arrangement) with whom the finance company establishes or
- MAS
- Guidance
Last revised date:
- DPT risks are increased when the transactions concern jurisdictions which have yet to regulate and supervise DPT service providers.
- International typologies have shown that virtual assets, for example digital payment tokens (DPTs), have been used to support terrorist the activities.
- Digital payment token service providers, precious stone and metals dealers, and non-profit organisations were also identified as sectors that are more susceptible to TF.
- MAS
- Monographs/Information Papers
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- MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin. The report provides technical insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could benefit the financial industry and blockchain ecosystem PROJECT UBIN PHASE 5 Enabling Broad Ecosystem Opportunities POWERED BY -------- FOREWORD Beyond technical experimentation, Phase 5 sought to determine the commercial
- MAS
- Media Releases
Last revised date:
- Singapore, 26 June 2023… The Monetary Authority of Singapore (MAS) today published a report proposing a framework for designing open, interoperable networks for digital assets (i.e. tokenised real-economy and financial assets ). The report Enabling Open & Interoperable Networks was jointly developed with subject matter experts at the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructure (CPMI), with contributions from participating financial institutions This report
- MAS
- Enforcement Actions
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- Singapore, 7 October 2019…Mr Jimmy Ng Kian Bin (Mr Jimmy Ng) and Mr Erik Ng Song Hann (Mr Erik Ng) were today convicted and sentenced to 16 weeks’ and 4 weeks’ imprisonment respectively for fraud and dishonest conduct in relation to the trading of futures contracts. Their convictions were a result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force. The case was referred to MAS by Singapore Exchange Derivatives