Singapore

Crypto / Digital Assets

MAS Explains Different Treatment of Binance, FTX

By Sanday Chongo Kabange | 23/11/2022

While both Binance and FTX are not licensed Singapore, only Binance was “actively soliciting users” in Singapore, so it was added to the Investor Alert List.

Enforcement

Singapore Court Jails DBS Officer for Misusing Customer Data Access

By Editors | 22/11/2022

The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.

Enforcement

Singapore Charges Former Hyflux Execs for Disclosure Failures

By Editors | 18/11/2022

A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

ESG / Sustainability

UAE State Fund Acquires Stake in AirCarbon Exchange

By Editors | 17/11/2022

The investment will help AirCarbon Exchange establish a regulated carbon trading exchange and clearinghouse in Abu Dhabi.

Fintech / Regtech

MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

By Editors | 15/11/2022

The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

Crypto / Digital Assets

Singapore and Hong Kong Regulators Address FTX Queries

By Editors | 15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

Securities / Derivatives

UOB Lists First Product on SGX Using Shenzhen ETF Link

By Editors | 15/11/2022

The SGX-listed ETF replicates the performance of SZSE’s ChiNext Index by investing in a Shenzhen-listed ETF managed by Ping An Fund Management.

Fintech / Regtech

Five ASEAN Central Banks Sign MoU on Payments Connectivity

By Sanday Chongo Kabange | 15/11/2022

The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.

ESG / Sustainability

UK Think Tank Accuses Singapore’s Sembcorp of Greenwashing

By Editors | 14/11/2022

The allegations relate to Sembcorp’s sale of its India coal business while still retaining “substantial liabilities” and “operational influence”.