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Singapore’s Central Bank Expands Asset Tokenization Initiatives Under Project Guardian
15.11.2023
Source: Pixabay / Sasin Tipchai The Monetary Authority of Singapore (MAS) is commencing a series of asset tokenization pilots in collaboration with financial services heavyweights. The central bank announced Wednesday that the initiative is an extension of the ambitious Project Guardian – involving...
Monetary Authority of Singapore Starts Tokenization Pilots Alongside Financial Services Heavyweights
15.11.2023
The test will explore bilateral digital asset trades, foreign currency payments, multicurrency clearing and settlement, fund management and automated portfolio rebalancing
Circle Introduces Zero-Fee USDC Minting with Circle Mint in Singapore
15.11.2023
Source: Circle Internet The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore. This strategic initiative comes on the heels of Circle securing the Major Payments Institution (MPI) license from the Monetary...
Hong Kong Regulator Planning to Widen Purview of Virtual Assets Supervision
6.11.2023
The Hong Kong Monetary Authority is reportedly planning to expand the purview of its supervision of virtual assets to include entities that issue stablecoins. The Hong Kong regulator said it also wants to create a framework that governs banks’ provision of virtual asset custody services. Hong...
Hong Kong Will Allow Some Tokenized Securities-Related Activities
2.11.2023
The move appears to be another step in Hong Kong's recently accelerated ambitions to become a virtual asset hub
Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank
2.11.2023
Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Singapore’s Central Bank Joins Forces with Monetary Authorities in Japan, Switzerland, and the UK for Joint Digital Asset Pilots
30.10.2023
Singapore’s central bank has announced plans to collaborate with monetary authorities in Japan, Switzerland, and the United Kingdom for joint digital asset pilots. In a Monday press release, the Monetary Authority of Singapore (MAS) announced that it will collaborate with the Financial...
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
30.10.2023
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
Hong Kong Regulators Restrict Retail Investor Access to ‘Complex’ Crypto Products
23.10.2023
The securities regulator and the central banking institution of Hong Kong have updated the region’s crypto policy in response to enquiries from the industry. In a circular on the virtual asset-related activities of intermediaries, the authorities introduced additional measures to protect retail...
Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project
11.10.2023
The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...
Singapore Grants Ripple Full License to Provide Crypto Services
6.10.2023
The Monetary Authority of Singapore (MAS) has granted Ripple a full license to provide crypto services. “This license underscores the real-world utility of crypto solutions for businesses and financial institutions alike, marking an important step towards wider adoption of digital...
Crypto Platform Ripple Joins Growing List of MPI License Holders in Singapore
4.10.2023
The Singapore subsidiary of crypto payments giant Ripple has officially received its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The MPI license will allow Ripple Markets APAC Pte Ltd, the local arm, to provide digital payment token services in...
Sygnum Singapore Obtains Major Payment Institution License for Crypto Brokerage Services
3.10.2023
Sygnum Singapore, a subsidiary of the Switzerland-based cryptocurrency bank Sygnum, has received approval for its Major Payment Institution License (MPIL) from the Monetary Authority of Singapore (MAS) to be able to provide crypto brokerage services to accredited investors and institutions...
Coinbase Singapore secures MPI license from the Monetary Authority
3.10.2023
Coinbase Singapore is thrilled to announce that they have obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. According to the company’s team members, this demonstrates their commitment to the Singaporean market and paves the way for expanding their...
Coinbase Obtains License From Singapore’s Central Bank — Crypto Exchange Sees Singapore as ‘a Vital Market’
3.10.2023
The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the crypto exchange emphasized....
Coinbase gets regulatory consent by Bermuda Monetary Authority
29.9.2023
Coinbase International Exchange has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to eligible non-U.S.-based retail consumers. Coinbase, which is recognized as the most secure and dependable crypto-based company, is now prepared to operate with...
Coinbase Launches Perpetual Futures Trading for Retail Crypto Traders Outside the US
28.9.2023
Coinbase has received a regulatory stamp of approval to start offering perpetual futures trading to retail crypto traders outside the U.S., opening up access to the $5.5 trillion global derivatives market. Coinbase Extends Perpetual Futures Trading to Retail Traders Abroad The Bermuda Monetary...
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...