Showing 2492 Documents for "DPT"
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- 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.
- 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
- Monographs/Information Papers
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- MAS partnering with R3, a DLT company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. The consortium includes the following financial institutions: ul { margin-left: 40px; padding-left: 40px; } Bank of America Merrill Lynch Credit Suisse DBS Bank Hongkong and Shanghai Banking Corporation (HSBC) Limited JP Morgan Mitsubishi UFJ Financial Group OCBC R3 Singapore Exchange (SGX) United Overseas Bank (UOB
- MAS
- Media Releases
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- Singapore, 9 March 2017… The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology (DLT). The project, in partnership with R3 1 and a consortium 2 of financial institutions, was first announced on 16 November 2016 by MAS. 2. The project has achieved the objectives of producing a digital representation of the Singapore dollar for interbank settlement, testing methods
- MAS
- Parliamentary Replies
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- As part of the transitional arrangements, entities that were engaged in regulated activities before the commencement of the PS Act were exempted from holding a licence if they submitted licence applications before July 2020 for digital payment token (DPT) activities, or January 2021 for the other regulated
- MAS
- Speeches
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- Good morning, and welcome to Day 2 of the Singapore FinTech Festival. It’s great to be able to meet in person after three long years. Pandemic and lockdowns notwithstanding, FinTech innovation has marched on briskly. If anything, digitalisation has gathered pace and become more pervasive. Yes, in the realm of a crypto assets, a harsh winter has set in, even fears of an Ice Age. But I believe it is an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases
- MAS
- Monographs/Information Papers
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- The Monetary Authority of Singapore (MAS) and Banque de France (BdF) jointly experimented on wholesale cross-border payment and settlement using central bank digital currency (CBDC). The experiment, supported by J.P. Morgan’s Onyx, simulated cross-border transactions involving multiple CBDCs (m-CBDC) on a common network between Singapore and France. This is the first m-CBDC experiment that applied automated market making and liquidity management capabilities to reap cross-border payment and settlement
- MAS
- Speeches
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- Ladies and gentlemen, good morning. And to all our foreign guests, welcome to Singapore. I am delighted that R3 is holding CordaDay 2019 in Singapore. We have representatives from almost a hundred of the world’s largest financial institutions and corporates gathered here today. I guess if it is a conference about blockchains, nobody wants to miss out. A Much Misunderstood Technology The blockchain is one of the most misunderstood technologies in recent times. The first misconception about the blockchain
- 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