Monetary Authority of Singapore
Project Nexus successfully links Eurosystem, Malaysia, Singapore’s payment systems
For the next phase, Indonesia, Thailand, and the Philippines will link their payment systems with Singapore and Malaysia.
Project Nexus successfully links Eurosystem, Malaysia, Singapore’s payment systems
For the next phase, Indonesia, Thailand, and the Philippines will link their payment systems with Singapore and Malaysia.
Singapore: Yes to wholesale, skeptical on retail digital fiat money
SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.
Singapore, Malaysia to link real-time payment systems PayNow, DuitNow
Remittances between the two countries reached S$1.3b in 2020.
Singapore, India to link PayNow, UPI payment systems by mid-2022
Fund transfers from India to Singapore will only need mobile phone numbers.
Singapore lifts dividend cap on local banks, financial companies
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
MAS, international agencies launch Global Challenge for CBDC solutions
Finalists will receive mentorship from industry experts, a chance to prototype their solutions, and a cash prize.
MAS extends US$60b swap arrangement with US Fed
Since its launch in March 2020, the MAS USD Facility has provided US$25b to banks.
Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules
They failed to properly monitor individuals onboarded as advisors, directors.
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