Singapore's MAS Just Took Action Against OPNX Founder
MAS states that these actions come as a result of their violations of the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR).
![image Davin](https://image.coinlive.com/24x24/cryptotwits-static/452551d8f69058fb1ac891199d6a7b76.jpeg)
MAS states that these actions come as a result of their violations of the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR).
For the first time in more than a decade, MAS will be getting a new Managing Director
This release follows a public consultation, and would cover single-currency stablecoins.
The Monetary Authority of Singapore (MAS) has revealed a new regulatory framework that will focus on maintaining a consistent value for stablecoins, bolstered by feedback from a public consultation held in October 2022.
The rules require Singapore-based exchanges to keep customer assets in a Statutory Trust to prevent potential losses in the event of the exchange going bankrupt.
Singapore's central bank proposes innovative approaches to foster interoperable networks for tokenized digital assets with pilot studies being carried out by DBS, HSBC, and other banking giants.
Today the Monetary Authority of Singapore (MAS) published a whitepaper proposing standards for digital money. The focus is on...
Singapore's banking system does not have significant exposures to the failed banks
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Singapore’s leading cryptocurrency platform receives Major Payment Institution licence to provide digital payment token services Coinhako (Hako Technology Pte Ltd), ...