Tag: MAS
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Upbit Singapore gets MPI licence from the MAS
Upbit, the South Korean cryptocurrency exchange, has been granted the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This regulatory approval marks a significant milestone for Upbit’s expansion into the Singaporean market. What is an MPI license? An MPI license allows a company to provide e-money issuance, domestic and cross-border money…
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MAS and BNM launch cross-border real-time payment tool
The Monetary Authority of Singapore (MAS) and the Central Bank of Malaysia (BNM) have officially launched a ground-breaking cross-border real-time payment tool that aims to enhance financial connectivity between the two neighboring countries. This innovative payment system will enable customers from Singapore and Malaysia to transfer funds seamlessly and instantly, marking a significant milestone…
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Temenos collaborates with MAS
Temenos, a global banking software company, has announced a collaboration with the Monetary Authority of Singapore (MAS), the country’s central bank, to accelerate digital transformation in the financial industry. The partnership between Temenos and MAS aims to drive innovation and enhance the growth of the fintech ecosystem in Singapore. By leveraging their respective…
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MAS is working with the financial industry to support asset tokenization
The Monetary Authority of Singapore (MAS) has been actively collaborating with the financial industry to explore and support asset tokenization, a growing trend in the financial landscape. Asset tokenization refers to the process of converting real-world assets, such as real estate properties, art, or even commodities, into digital tokens on a blockchain or distributed ledger.…
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Sygnum obtains Major Payment Institution Licence from the MAS
Sygnum Obtains Major Payment Institution Licence from the MAS Sygnum, a leading digital asset bank, has recently announced that it has obtained a Major Payment Institution Licence from the Monetary Authority of Singapore (MAS), allowing the bank to provide payment services and issue e-money in Singapore. This significant step forward reinforces Sygnum’s position as a…