MAS Regulatory Sandbox Has Not Approved Any Crypto Payment Providers
The MAS has approved no companies participating in its FinTech Regulatory Sandbox framework as crypto payment providers.
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Latest firstCoinCodeCap WeekInFocus: August 20, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.
Monetary Authority of Singapore Introduces Regulatory Framework for Single-Currency Stablecoins
To get "MAS-regulated" status, stablecoins should provide monthly submission of independent attestations of their reserves to the central bank
Singapore Grants Blockchain.com MPI License for Crypto Services
Key Takeaways In a pivotal move for the cryptocurrency landscape in the country, Singapore’s central bank has awarded a major payment institution (MPI) license to Blockchain.com, a prominent crypto exchange. The license, granted on August 1st, empowers Blockchain.com to provide…
Singapore High Court Officially Classifies Crypto as Property
Singapore's High Court declared cryptocurrency to be a type of "property" that can be held in trust.
Crypto.com Faces Legal Battle Over Accidentally Sent $50,000 Deposit
Key Takeaways In a court filing on July 6, leading cryptocurrency exchange Crypto.com found itself embroiled in a legal dispute after mistakenly depositing $50,000 into a user called James Deutero McJunkins’ account in June 2022. Despite the user not acquiring…
Japan and Singapore Team Up for Crypto Pilot Project and Regulation
The MAS and the FSA established a collaboration for the combined regulation and pilot testing of cryptocurrency projects.
Ripple Secures Major Payments Institution License in Singapore
The license allows Ripple to offer regulated digital payment token products and scale its customers' use of its crypto-enabled ODL platform.
Singapore’s Monetary Authority Proposes Digital Money Standards
The Monetary Authority of Singapore published a whitepaper outlining the requirements for using digital currencies like stablecoins and CBDCs.
Gemini’s Ambitious Expansion in Asia-Pacific: Singapore Chosen as Operations Hub
Gemini Exchange intends to expand in Asia Pacific, using Singapore as its operational center.
