Showing 4218 Documents for "DPT service"

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    • MAS
    • Media Releases

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    • 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
    • Media Releases

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    • 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
    • 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
    • Parliamentary Replies

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    • 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 the Ministry will consider introducing regulatory changes to manage a potential shake-up in the banking system and to protect the public from the perspectives of market competitiveness and data
    • MAS
    • Media Releases

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    • Singapore, 20 November 2019... The Monetary Authority of Singapore (MAS) today issued a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act. 2   There is international institutional investor interest, for example from hedge funds and asset managers, in payment tokens such as Bitcoin and Ether. These institutional investors have a need for a regulated product to gain and hedge their exposure
    • MAS
    • Media Releases

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    • Singapore, 30 August 2021 … The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). The finalists, comprising financial institutions, FinTechs and technology solution providers, will progress to the Acceleration Phase of the Global CBDC Challenge, before they pitch their solutions to a panel of judges and an international audience at this year’s Singapore FinTech
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 30 August 2021 … The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). The finalists, comprising financial institutions, FinTechs and technology solution providers, will progress to the Acceleration Phase of the Global CBDC Challenge, before they pitch their solutions to a panel of judges and an international audience at this year’s Singapore FinTech
    • MAS
    • Parliamentary Replies

    Last revised date:

    • QUESTION NO 1715 NOTICE PAPER 1085 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 April 2022 Name and Constituency of Member of Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister for entities which are previously granted an exemption from holding a licence under the Payment Services Act (a) what is the breakdown in the number of companies for those (i) whose exemption ceased after the specified period (ii) those that are rejected by MAS and (iii
    • MAS
    • Media Releases

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    • MAS Proposes New Powers to Enhance Effectiveness in Addressing Financial Sector-Wide Risks Singapore, 21 July 2020... The Monetary Authority of Singapore (MAS) today issued a consultation paper proposing enhanced powers to deal with risks that can undermine the financial sector. The proposed new Act for financial services and markets will consolidate similar provisions for various classes of financial institutions This includes provisions relating to the prevention of money laundering and terrorism