Singapore wants to simplify the cryptocurrency exchange scheme

The Monetary Authority of Singapore (MAS) has proposed changes to existing regulations to simplify the cryptocurrency exchange procedure. According to a document published on the authority’s website, the current RMO regulatory framework is unable to meet the demand for new business models. The Monetary Authority of Singapore (MAS) has proposed changes to existing regulations and […]

Crypto-assets and blockchain in Singapore

Crypto-asset dealings in Singapore are regulated by the following Acts: the Commodity Trading Act (CTA), the Securities and Futures Act (SFA) and the Payment Services Act (PSA). Registering a cryptocurrency company in Singapore involves trading cryptocurrencies under the Commodities Trade Act, dealing in capital markets products under the SFA, and dealing in digital payment tokens […]

Blockchain in Singapore: how Asia’s financial centre is using technology

Singapore is the financial centre of Southeast Asia. But to maintain its status, it needs to keep abreast of modern technology developments, keeping up with the Fourth Industrial Revolution. Among the technologies that could change the rules of the game in the market is blockchain – experimentation with this system in Singapore has already begun. […]