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Refusing locally issued credit card payments is one of the ways MAS believes will discourage speculation in crypto investments.

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

(Bloomberg) -- Singapore proposed additional regulations that further harden its stance against retail speculation in cryptocurrencies, including barring individual investors from borrowing to trade. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsAsia Sto

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

The Monetary Authority of Singapore (MAS) wants to discourage cryptocurrency speculation among retail customers, according to new regulations for Digital…

The Monetary Authority of Singapore (MAS) has proposed revised guidelines to curb the growing rate of digital asset speculation in retail markets.

The Monetary Authority of Singapore has barred DBS from acquiring new business ventures or shrinking its branch and ATM network as part of an effort to restore the resilience of its digital banking services following a series of disruptive outages.

SINGAPORE - For six months, DBS Bank will have to suspend non-essential changes to its IT systems, and will not be allowed to take on new business ventures, the Monetary Authority of Singapore (MAS) said on Wednesday (Nov 1). MAS said it directed DBS to suspend all changes to its IT systems, except for those related to security, regulatory compliance...

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) today published a joint consultation paper proposing a Shared Responsibility Framework (SRF) for phishing scams.

SINGAPORE - Four insurers have been named as “systemically important” to Singapore, in a new move that will subject them to higher regulatory standards and closer supervision, given that their collapse would significantly affect the country’s economy. They are AIA Singapore, Income Insurance, Prudential Assurance Company Singapore and Great Eastern Life Assurance Company. The Monetary Authority of Singapore, in unveiling...