Singapore’s Central Bank: We Want to Be a Responsible Global Crypto Hub
The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” said the central bank chief. Singapore’s Crypto Regulation Needs to Be ‘Stringent’ Monetary Authority of Singapore (MAS) Managing Director Ravi Menon talked about cryptocurrency regulation at the Financial....
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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.”....
Earth is reaching a historic “inflection point,” Keiser warns after Singapore’s central bank admits that more debt is not an option for anyone. The world now has so much debt that, for the first time ever, it is impossible to add more, says Max Keiser.On the latest edition of his Keiser Report TV show on Sep. 22, the RT host warned that central banks were responsible for global debt reaching a new “inflection point.”Keiser on debt: “We’re at saturation point”Together with co-host Stacy Herbert, Keiser referred to comments from Singapore’s central bank, the Monetary Authority of Singapore....
Following the release of Singapore’s digital asset framework, the country’s largest bank expanded its members-only digital exchange to 100,000 more clients.
The Monetary Authority of Singapore (MAS), the country’s central bank, has announced the development of a blockchain proof-of-concept pilot project that will facilitate inter-bank payments, globally. Announced today, Singapore’s primary monetary authority revealed the project, developed in partnership with New York-based blockchain startup R3. The project aims to develop a payment system that will enable banks to transact between global markets at any hour, with instant transfer of funds between participants. Applications will include cross-border payments, trading and settlement processes....