Showing 2492 Documents for "DPT"
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- MAS
- Media Releases
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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
- MAS
- Speeches
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- The first relates to virtual assets or digital payment tokens (or DPTs). From an AML/CFT perspective, DPTs pose higher risks given the speed, anonymity and cross-border nature of the transactions they facilitate.
- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.
- MAS
- Speeches
Last revised date:
- The first relates to virtual assets or digital payment tokens (or DPTs). From an AML/CFT perspective, DPTs pose higher risks given the speed, anonymity and cross-border nature of the transactions they facilitate.
- Since the introduction of the Payment Services Act to regulate DPT service providers, MAS has stepped up our efforts to set clear supervisory expectations of AML/CFT controls, and enhance our surveillance of the sector.
- FIs looking to offer DPT services should also institute the necessary controls to ensure that these risks are appropriately mitigated. b. Another area is the use of Variable Capital Companies, or VCCs. The number of VCCs has grown significantly since the framework was introduced in January 2020.
- MAS
- Media Releases
Last revised date:
- There are three main types of digital tokens – securities tokens, payment tokens and utility tokens. Derivatives that reference securities tokens are already regulated under the Securities and Futures Act.
- MAS
- Parliamentary Replies
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- 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; and (b) what measures will MAS introduce to regulate Initial Coin Offerings (ICOs). Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS: 1. We are familiar with
- MAS
- Parliamentary Replies
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- QUESTIONS NO 658 NOTICE PAPER 874 OF 2017 FOR WRITTEN ANSWER Date: For Parliament Sitting on 3 October 2017 Name and Constituency of Member of Parliament Miss Cheng Li Hui, MP, Tampines GRC Question: To ask the Prime Minister (a) whether the Government is keeping track of the use/investment of crypto currencies such as bitcoin in Singapore; (b) how do crypto currencies affect our finance industry; (c) whether studies are being conducted to assess the problems and risks of using/investing in crypto
- MAS
- Media Releases
Last revised date:
- Singapore, 11 November 2021 … The Monetary Authority of Singapore (MAS) today announced the results of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the FinTech Awards Ceremony of the Singapore FinTech Festival (SFF). The Global CBDC Challenge has helped to identify and develop retail CBDC solutions that increase payment efficiencies, improve financial inclusion and support the broader digitalisation drive in the economy. The Challenge was held in partnership with
- MAS
- Media Releases
Last revised date:
- Singapore, 11 November 2021 … The Monetary Authority of Singapore (MAS) today announced the results of the Global Central Bank Digital Currency Challenge (Global CBDC Challenge) at the FinTech Awards Ceremony of the Singapore FinTech Festival (SFF). The Global CBDC Challenge has helped to identify and develop retail CBDC solutions that increase payment efficiencies, improve financial inclusion and support the broader digitalisation drive in the economy. The Challenge was held in partnership with
- MAS
- Media Releases
Last revised date:
- Singapore, 5 November 2020… The Monetary Authority of Singapore (MAS) announced today that 40 solutions to address key challenges have been shortlisted for the MAS FinTech Awards to be presented at this year’s Singapore FinTech Festival x Singapore Week of Innovation and TeCHnology ( SFF x SWITCH ). The theme for this year’s Awards is “Building Resilience, Seizing Opportunities, Emerging Stronger”. 2 Organised in collaboration with PwC Singapore, the Awards seek to recognise ground-breaking
- MAS
- Economic Essays
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- This study was published as Special Feature A in the October 2019 Macroeconomic Review. 78 Macroeconomic Review, October 2019 Special Feature A Asian Monetary Policy Forum 20191 Introduction The 6th Asian Monetary Policy Forum (AMPF) was held on 31 May 2019 in Singapore. As in past years, it was convened under the auspices of the Asian Bureau of Finance and Economic Research (ABFER), and co-organised by the University of Chicago Booth School of