MAS

Retail Asia02/12/2021

The crypto payments firm is the fourth to receive a digital payments token (DPT) license in the city-state. The Monetary Authority of Singapore (MAS) has awarded a DPT license to TripleA, allowing the company to provide end-to-end cryptocurrency payment services, according to an announcement this week. Founded in 2017 by mobile and payments entrepreneur Eric Barbier, TripleA currently […]

Retail Asia03/09/2021

The Monetary Authority of Singapore has ordered crypto giant Binance to halt its services in the city-state over a potential breach of local payment rules. Binance must stop offering services in Singapore, according to a report citing a MAS statement, over a potential breach of the Payment Services Act. According to the regulator, Binance provided […]

Retail Asia26/04/2021

The Monetary Authority of Singapore (MAS) discussed the creation of a common platform for international payment settlements that will be more efficient than current arrangements. While there is growing global interest in the issuance of Central Bank Digital Currencies (CBDCs) for domestic payments, multiple CBDC (m-CBDC) arrangements could lead to a significant improvement in the speed, cost […]

Retail Asia02/10/2020

The ability of its Singapore entities to continue providing payment services here has been affected, following its parent company’s insolvency filing in Germany. The Monetary Authority of Singapore (MAS) has ordered Wirecard Singapore to cease payment services in the country and to return all customers’ funds by 14 October 2020, the regulator said in an announcement […]

Retail Asia02/09/2019

The Monetary Authority of Singapore warned the public about a website using fabricated comments from Prime Minister Lee Hsien Loong to solicit investments in bitcoin. The website not only used fabricated comments but also attempted to impersonate a news page from a local media organization, the Monetary Authority of Singapore (MAS) added. The information on […]

Retail Asia13/02/2016

HSBC’s Singapore branch is spinning off its retail banking and wealth management division into a local subsidiary. This locally incorporated unit, which will be operational from May 9, will oversee the running of all operations of the retail banking and wealth management business here. All other lines of business of HSBC in Singapore, which include […]

Tag: MAS

TripleA Wins Singapore Crypto License

MAS Orders Binance Halt

MAS Teases Multi-Currency Payment System for Digital Currencies

Wirecard Ordered to Cease Activities in Singapore

MAS Warns Against Lee Hsien Loong Bitcoin Scam

HSBC setting up local subsidiary to handle retail and wealth business