Showing 148 Documents for "crypto"
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- PDPC
- Commission's Decisions
Last revised date:
- Material Facts 3 The Organisation had conducted a crypto-currency ICO registration exercise via a website1 (“Website”) which it owned and managed at the material time.
- Tan Kiat How, Commissioner — Case No DP-1802-B1674 20 June 2019 Background 1 The case concerns the unauthorised access and disclosure of personal data arising from a registration exercise for a crypto-currency initial coin offering (“ICO”).
- MAS
- Media Releases
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- Moderated by Professor Andrew Levin, Professor of Economics at Dartmouth College, the two speakers will examine the implications of private and public cryptocurrencies.
- Professor Beatrice Weder di Mauro, Distinguished Fellow-in-Residence, Emerging Markets Institute of INSEAD Singapore and Professor of Economics and Chair of Economic Policy and International Macroeconomics at the University of Mainz, Germany, will discuss “Cryptocurrencies’ Challenge to Central Banks
- MAS
- Speeches
Last revised date:
- This goes well beyond the original application of blockchains to Bitcoins and crypto-currencies. In fact, although crypto-currencies have attracted the most public attention, it is the broader applications of DLT that hold more promise over the short to medium term.
- MAS
- Speeches
Last revised date:
- We have issued a public advisory to caution those who “invest” in crypto-tokens to do so with caution and to understand their characteristics including being volatile and non-legal tender. 15 MAS has also issued a guide on digital token offerings last year to explain that our regulatory treatment
- Our regulatory framework will need to be flexible to accommodate innovative business models by market operators with rules that are commensurate with the risks including factors such as retail access and scale of business. 14 There have been some queries on our regulatory stance towards crypto-currencies
- MAS
- Speeches
Last revised date:
- Sometimes, it means being specific about the risks we want to address and taking a targeted approach to regulation e.g. in the case of crypto assets where we focus on the crypto intermediaries for anti-money laundering purposes rather than the crypto assets.
- MAS
- Consultations
Last revised date:
- Are they fiat<->fiat, or Fiat<->crypto? Crypto<->crypto as well? ACCESS members also suggest to have the thresholds higher.
- A company/start-up may create a cryptocurrency / token that was specific to its product and services. But once it is listed on a cryptocurrency exchange, it is no longer limited (and it is the normal practice to list onto the cryptocurrency exchanges).
- As noted above, we understand from our clients that a cryptocurrency exchange operator could open and operate e-wallets which customers would fund with e-money in order to carry on trading activities in cryptocurrencies.
- MAS
- Consultations
Last revised date:
- Encryption, decryption and related authentication processing functions should be carried out in HSM or similar tamper- resistant devices are built specifically for crypto operations. 4.3 System and Data Integrity 4.3.1 Software for wireless applications should implement adequate measures to
- Providers must put in place adequate control measures and procedures to enable crypto keys to be created, stored, distributed, replaced, revoked or destroyed securely. 4.6.2 Periodic audits and compliance reviews should be carried out to maintain a high degree of confidence in these security
- or system. 5.1.3 Do not allow PINs to be in the clear anywhere in the network 5.1.4 Authenticate customer PINs in tamper-resistant hardware such as crypto-servers or hardware security modules (HSM). 5.1.5 Encrypt the hash values of customer PINs randomised with a salt. 5.1.6 Do not store
- MAS
- Consultations
Last revised date:
- One such fund manager managed a portfolio comprising, among other things, cryptocurrencies, where investments were made through digital tokens, crypto assets or fiat currencies.
- Current AML/CFT crypto transactions are negligible compared to traditional fiat transactions.
- There were several respondents that asked Definition of DT 5 Please refer to https://www.mas.gov.sg/news/parliamentary-replies/2020/reply-to-parliamentary- question-on-regulation-of-crypto-derivatives-on-approved-exchanges the regulation of crypto-derivatives.
- MAS
- Consultations
Last revised date:
- Two: These proposed changes will stifle the crucial blockchain/crypto in Singapore if it does not drive it out.
- Simmons & Simmons JWS Pte Ltd, on behalf of Association of Cryptocurrency Enterprises and Start-ups, who requested for their comments to be kept confidential 19.
- Digital tokens run the gamut from payment tokens (cryptocurrencies) to utility tokens to tokens that may exhibits characteristics of capital markets products (security tokens).
- MAS
- Media Releases
Last revised date:
- They also discussed the impact of new technology on the financial sector, including developments in FinTech, SupTech, cybersecurity and crypto-assets. 2.