Singapore Central Bank Adds Blockchain CEOs to Advisory Panel
Some of the most recognizable leaders in the blockchain industry have agreed to participate in a newly launched advisory panel organized by the Monetary Authority of Singapore (MAS). Included on the regulatory authority and central bank's 15-person International Technology Advisory Panel (ITAP) is CEO of Digital Asset Holdings, Blythe Masters; CEO of SolidX, Daniel Gallancy; and managing director of R3CEV, Tim Grant. ITAP met for the first time this week to discuss a wide range of applications of blockchain, among other FinTech trends, at an event attended by Deputy Prime Minister and....
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The Ontario Securities Commission (OSC) is on the hunt for representatives from the digital currency and blockchain industry for a new advisory panel on fintech. Announced yesterday, the panel will coordinate with and provide advice to the OSC’s LaunchPad, a fintech-focused initiative that serves as a communication point between startups and regulators. Applications for the panel are due by 30th November, the OSC said. The OSC elaborated in a statement: “OSC LaunchPad strives to keep regulation in step with digital innovation. The [Fintech Advisory Committee] will meet quarterly, with....
The Monetary Authority of Singapore (MAS) will soon test how it could issue digital currency using a blockchain-based interbank payment system. According to Bloomberg, the planned proof-of-concept will be supported by blockchain consortium R3CEV, as well as eight banks and an unnamed local stock exchange. The Development Bank of Singapore, HSBC, Bank of America, JPMorgan, Credit Suisse and Bank of Tokyo-Mitsubishi are all said to be participating. In a speech on Wednesday, MAS managing director Ravi Menon said the test could come to include other central banks. Further, he credited the....
Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.”
Singapore’s Central Bank Discouraging Crypto Trading by the General Public
The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday that it has issued guidelines “to discourage cryptocurrency trading by [the] general public.”
The guidelines restrict....
The Central Bank of Argentina and government representatives have asked the Bitcoin community to join efforts to eradicate financial exclusion, transform the financial industry, promote financial opportunities, and reduce inflation. Officials made their request at the Latin America Bitcoin & Blockchain Conference (laBITconf), on November 5 in Buenos....
The Oversea-Chinese Banking Corporation (OCBC), a publicly-listed banking corporation headquartered in Singapore will begin inter-bank payments powered by blockchain technology in Southeast Asia. The announcement, revealed by regional publication FintechNews Singapore, follows a successful duo of pilot payment transactions conducted between the bank and a regional and an international banking partner. The pilot utilized a blockchain platform jointly developed by OCBC Bank and BCSIS, a local payments startup in Singapore. Two blockchain pilot payment transactions were revealed. First, a....