ASIC and Singapore Collaborate on Fintech and Bitcoin Regulation
It is worth noting how Christine Lagarde, the managing director of the IMF, personally invited Mr. Medcraft. Both parties met up earlier this year as the World Economic Forum in Davos, where the future of Fintech was discussed at length. Bitcoin and Fintech are two areas where regulation will play a major role in the coming years. The Australian Securities and Investments Commission has reached out to the Monetary Authority of Singapore to make sure regulatory measures do not hinder the growth for Fintech and Bitcoin. Like most other countries in the world, Australia wants to foster....
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The Monetary Authority of Singapore (MAS), Singapore’s central bank, has collaborated with yet another Asian country, within days of partnering with an Indian state government over exploring and developing blockchain technology and Fintech. The primary monetary authority in Singapore and the Korean Financial Services Commission (KFSC) – an authority of the same stature in South Korea – will cooperate over Fintech, exploring joint innovation projects with a focus on big data and mobile payments. “This agreement lays the groundwork for deeper FinTech collaboration between Singapore and South....
In 2021, investments in Singapore’s fintech sector increased by 47% year on year to $3.94 billion. Nearly half of the funds were raised through blockchain and cryptocurrency, with $1.48 billion raised across 82 agreements. Crypto Investments Trump Others In Singapore According to the KPMG Pulse of FinTech H2’21, the country’s transaction value for fintech deals […]
It’s been a busy week on the blockchain front for Singapore’s central bank. On 22nd October, the Monetary Authority of Singapore (MAS) signed an agreement with the government of Andhra Pradesh, a coastal state in India, to collaborate on blockchain development projects. According to statements, the partnership will include a specific focus on digital payments, as well as the creation of educational resources related to the tech. MAS and the Andhra Pradesh government committed to broader discussions over regulation focused on “innovations in financial services”. The goal, the two....
Singapore has become a hotbed for financial technology and blockchain innovation. This week, the Monetary Authority of Singapore (MAS) has conceived two joint ventures that aim to progress blockchain research and development in Southeast Asia. Monetary Authority of Singapore & Government of Andhra Pradesh Partner in a Blockchain Joint Venture.....
Singapore is taking steps to promote the country's fintech ecosystem by easing regulations for investment in the sector. Increasing interest in blockchain technology based applications among banking and financial institutions has got governments and central banks across the world making special allowances for Fintech companies. Singapore is the latest country to consider offering special concessions targeted towards fintech companies. The deputy Prime Minister of Singapore, Tharman Shanmugaratnam has announced that the Central Bank of Singapore is looking into the possibility of easing....