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The central bank is considering adding more restrictions to the trading of cryptocurrencies, according to the Monetary Authority of Singapore (MAS), which has informed Parliament. Limits on retail participation and regulations on the use of
Recently during an interview with Bloomberg, an official of Monetary Authority of Singapore (MAS), which serves as the central bank and financial regulator of Singapore, said that MAS has no plans of regulating cryptocurrencies. The central
Professional services and consultancy giant Accenture has been appointed by Singapore’s central bank to develop a prototype blockchain solution for interbank payments. Earlier this month, the Monetary Authority of Singapore (MAS) – the coun
A consortium comprising of a Singaporean government body and a number of major banks has completed the ASEAN region’s first-ever proof-of-concept for a Know Your Customer (KYC) blockchain. The Infocomm Media Development Authority of Singapo
Earlier this week, two local bodies representing the local financial technology (fintech) industry have revealed that Singaporean banks have denied banking services to bitcoin and blockchain startups. Singapore’s Cryptocurrency and Blockcha
Regulators in Israel have formed a new committee to study the applicability of domestic securities laws to initial coin offerings (ICOs). Announced today , the development sees the Israeli Securities Authority panel putting together recomme
Blockchain solutions provider Bluzelle has announced the successful closure of a $1.5 million Series A round. The new funding will help the startup develop a decentralized scalable database service for enterprises. Founded in 2014, the star
The US Securities and Exchange Commission is warning investors about the risk of public stock scams that use cryptocurrencies as a promotional tactic. Published earlier today , the SEC investor alert primarily focuses on cryptocurrency-them
The digital currencies NEO, OmiseGo and TenX are experiencing slight or no movement during trading as of late August 2017 when compared to previous weeks or months. Such a situation is believed to be due to the start of the “ Ghost Month ”
Two major Singaporean maritime companies have inked a deal with technology giant IBM to explore and trial blockchain technology for supply chain networks. Singaporean shipping giant Pacific International Lines (PIL), one of Asia’s largest s
Singapore's central bank has issued new statements on the offering of digital tokens, stating that some issuances may fall under its definition of a security. The Monetary Authority of Singapore (MAS) outlined its position on token sales –