The Monetary Authority of Singapore (MAS) announced significant amendments to the Payment Services Act (PS Act) and its subsidiary legislation, marking a pivotal step in expanding the regulatory framework for payment services within the city-state. These amendments, which aim to incorporate a broader...
The central bank of Singapore. It is responsible for issuing the Singapore dollar and setting exchange rates. It also regulates banking in Singapore. Unlike many central banks, which set key interest rates, the Monetary Authority of Singapore alters its exchange rates to control its monetary policy...
The Monetary Authority of Singapore has issued a consultation paper proposing amendments to subsidiary legislation to operationalize the expanded scope of certain existing payment services under the Payment Services Act 2019. A six-month transitional licensing exemption to b...
Anti-Money Laundering and Counter Terrorist Financing Amendments to the Monetary Authority of Singapore ActStephanie Magnus
In 1977, the Government decided to bring the regulation of the insurance industry under the wing of MAS and the regulatory functions under the Securities Industry Act were transferred to MAS in 1984. Monetary Authority of Singapore’s mission is to promote sustained non-inflationary economic growth...
Uniquely, the MAS doesn’t set Singapore’s interest rates; rather, it uses instead the currency rate as its main policy tool. Financial regulation The MAS is empowered by the Monetary Authority of Singapore Act to set regulations and supervise the city’s banking, capital markets, insurance...
SINGAPORE, Aug. 1 (Xinhua) -- The Monetary Authority of Singapore (MAS) said on Tuesday that it will regulate the offer or issue of digital tokens in Singapore, if the digital tokens constitute products regulated under the Securities and Futures Act. ...
Ripple announced that its Singapore subsidiary has secured its Major Payments Institution license from the Monetary Authority of Singapore.
Maritime And Port Authority Of Singapore Act新加坡海事和港口管理局法案 热度: E-Commerce in Singapore Impetus and Impact of Globalization(新加坡的电子商务推动和全球化的影响) 热度: 一个特殊企业集群的调研:中国-新加坡苏州工业园的案例研究Exploration of a Special Enterprise Zone A Case Study of China -...
SINGAPORE & SAN FRANCISCO--(BUSINESS WIRE)--Ripple, the leader in enterprise blockchain and crypto solutions, announced today that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). ...