The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its Project Mandala, a collaboration with four central banks. “Mandala is pioneering the compliance-by-design approach to...
Cryptocurrency exchange OKX has appointed Grab executive Gracie Lin as CEO of its Singapore operations. The company announced the hiring Monday (Sept. 2), while also noting that its Singapore entity had been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore,...
Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain and on-chain solutions believe the tokenization of financial assets could one day reshape the...
Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in 30 markets around the world, according to a Monday (April 8) press release. “As the heart of thriving international trade and...
June 20, 2024
Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain and on-chain solutions believe the tokenization of financial assets could one day reshape the operating models and transform the business functions around areas like […]
January 03, 2020
In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses...
November 04, 2024
Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets by the formation of commercial networks, according to a Monday (Nov. 4) press release. “MAS has seen strong interest in asset tokenization in recent years, […]
October 29, 2024
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this discovery when working on its...
September 02, 2024
Cryptocurrency exchange OKX has appointed Grab executive Gracie Lin as CEO of its Singapore operations. The company announced the hiring Monday (Sept. 2), while also noting that its Singapore entity...
April 08, 2024
Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in 30 markets around the world,...
