Indian Government & Singapore’s Central Bank Partner over Blockchain & Fintech

Indian Government & Singapore’s Central Bank Partner over Blockchain & Fintech

Andhra Pradesh, an Indian state located in the south of the country and the Monetary Authority of Singapore (MAS), the country’s central bank, have announced a partnership that will aim to promote Fintech innovation with a focus on blockchain and digital payments. Signed on Saturday in India, the “Fintech Cooperation Agreement” will see the MAS, Singapore’s financial regulator and central bank, partner Andhra Pradesh, a state known for its pro-tech ideologies with a history of welcoming foreign investment and partnerships to set up infrastructure within its state boundaries. A press....


Related News

Singapore and South Korea Come Together for Fintech

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....

Singapore Central Bank Inks Blockchain Deals With India, South Korea

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....

Indian Government Consulting With Central Bank RBI on Crypto — ‘There Is Comp...

The Indian government is consulting with the Reserve Bank of India (RBI) on crypto policies. According to the finance minister, the government and the central bank are in “complete harmony” on crypto and other issues. Indian Government and Central Bank Discussing Crypto Policies Internally Indian Finance Minister Nirmala Sitharaman revealed Monday that the government is discussing crypto policies with the central bank, the Reserve Bank of India (RBI). At the conclusion of the RBI’s board meeting, the finance minister told reporters that the government and the central....

Singapore’s Central Bank Creates Financial Tech Partnerships

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.....

R3 Partners Singapore’s Central Bank to Open Blockchain Lab

Prominent enterprise blockchain startup R3 has collaborated with the Monetary Authority of Singapore (MAS) to launch an exclusive blockchain lab in the country. According to a press release, the ‘R3 Asia Lab’ will be the supported by the MAS – Singapore’s central bank and financial regulatory authority, to enable a collaborative effort between competing banks and financial institutions that focuses on blockchain-based solutions. Furthermore, the R3 Asia Lab will also “accommodate visiting specialist DLT (distributed ledger technology) technologists, innovators and business leaders.”....