The Monetary Authority of Singapore (MAS)

Will growing friendliness between crypto and regulators push Bitcoin to US$100,000 by year-end? - THE EDGE SINGAPORE

Cryptocurrency

Will growing friendliness between crypto and regulators push Bitcoin to US$100,000 by year-end?

Bitcoin has rallied over 115% y-t-d on the back of growing institutional adoption due to more regulatory clarity. Some market observers have predicted US$250,000 for Bitcoin by year end.
MAS's GFTN expands on four key strategic businesses at Singapore Fintech Festival - THE EDGE SINGAPORE

Singapore Fintech Festival 2024

MAS's GFTN expands on four key strategic businesses at Singapore Fintech Festival

The ninth SFF kicks off on Nov 5, against the backdrop of the ongoing US Presidential election race.
Global nominations for SFF 2024 Fintech Excellence Awards now open - THE EDGE SINGAPORE

Fintech

Global nominations for SFF 2024 Fintech Excellence Awards now open

The deadline for the submission is August 8, and SFF 2024 will be held from November 6-8.
A decade on, Temasek's Ecosperity Week tackles nature, blended finance and carbon markets - THE EDGE SINGAPORE

Environmental, Social and Governance

A decade on, Temasek's Ecosperity Week tackles nature, blended finance and carbon markets

The conference explored Southeast Asia's renewable energy transition, blended finance and voluntary carbon markets.
MAS launches information-sharing platform to combat financial crime; six commercial banks participate - THE EDGE SINGAPORE

Anti-money laundering

MAS launches information-sharing platform to combat financial crime; six commercial banks participate

The platform, named COSMIC, allows FIs to share customer information if there are “red flag” behaviours.
MAS fines Credit Suisse $3.9 mil for misconduct by its relationship managers - THE EDGE SINGAPORE

Credit Suisse crisis

MAS fines Credit Suisse $3.9 mil for misconduct by its relationship managers

Credit Suisse's clients were given inaccurate or incomplete post-trade discussion and charged higher spreads, says MAS.

Fintech

UBS, DBS and SBI execute world first live repurchase transaction of natively-issued digital bond on public blockchain

This is part of MAS’s Project Guardian, a government-industry partnership to test the feasibility of asset tokenisation.

Cryptocurrency

Coinbase awarded full major payment institution licence from MAS

Coinbase follows crypto.com and Circle, who were awarded full licences this June.
MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June - THE EDGE SINGAPORE

Anti-money laundering

MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June

This is MAS’s fourth enforcement report, which details action taken high profile cases such as Three Arrow Capital and others.
MAS reports $7.1 mil in compensation penalties for anti-money laundering related breaches from Jan 2022 to June 2023 - THE EDGE SINGAPORE

Anti-money laundering

MAS reports $7.1 mil in compensation penalties for anti-money laundering related breaches from Jan 2022 to June 2023

This is part of the MAS’s fourth enforcement report, which details action taken against financial institutions and individuals.
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