Singapore

Crypto / Digital Assets

Anchorage Digital Secures Crypto Licence in Singapore

By Mark Johnston | 11/11/2024

The licence enables Anchorage Digital to offer custody, staking, trading, and settlement services for crypto in Singapore, along with fiat on and off ramps.

Crypto / Digital Assets

StanChart Using Ant’s Blockchain Platform for Instant Treasury Management

By Nithya Subramanian | 08/11/2024

OCBC also signed an MoU with Ant International to use its Whale platform for enable real-time cross-border payments.

Fintech / Regtech

Global Fintech Institute Launches New Platform to Drive Innovation

By Nithya Subramanian | 08/11/2024

A new Startup Investment Credentials framework was also released to provide a standardised approach for evaluating fintech startups.

Crypto / Digital Assets

Swift Payment Network Piloted for Tokenised Fund Settlements

By Editors | 07/11/2024

The pilot used the payment orchestration capabilities of existing Swift infrastructure to settle fund subscriptions and redemptions.

AML / KYC

Singapore Publishes Proliferation Financing NRA and CPF Strategy

By Manesh Samtani | 07/11/2024

The document describes the PF risks Singapore faces, as well as its regulatory framework, risk mitigation measures, and national strategy to combat PF risks.

Crypto / Digital Assets

ADDX, ANZ to Pilot Tokenised Commercial Paper Using Chainlink CCIP

By Nithya Subramanian | 07/11/2024

Commercial paper was chosen due to its short-term nature, which makes it possible to showcase the entire asset lifecycle within the pilot.

Fintech / Regtech

New Project Nexus Entity to be Established in Singapore

By Editors | 07/11/2024

The new management entity will oversee the live implementation of the Nexus operational model, which involves linking instant payment systems.

AML / KYC

MAS Announces Key Decisions on New AML Framework for SFOs

By Manesh Samtani | 07/11/2024

MAS has extended the timelines for single family offices to submit initial notifications and annual reports. The transitional period will be 1 year instead of 6 months.

AML / KYC

Singapore Court Jails Former Company Director for Money Laundering

By Nithya Subramanian | 07/11/2024

The former director allowed a Chinese money laundering syndicate to use company accounts in Singapore to receive proceeds of criminal conduct.