Page 9 - Payment Services Act News Today

SINGAPORE - With stools spilling out of its shopfront and a queue of patients running out the door, the Zenith Medical Clinic in Punggol looks like any other clinic in the heartlands. But there is one key difference, patients at this clinic can choose to pay their doctors using cryptocurrency. The doctors who run the clinic, brothers Paul Ang and...

The MAS has finalised its regulatory approach for stablecoin-related activities. The finalised approach is substantially similar to what was originally set out in its consultation paper...

The resurgence story of EOS Network, a blockchain that raised $4 billion in its initial coin offering (ICO) with little to show in its early years...

The Monetary Authority of Singapore announced a new framework that seeks to ensure value stability for stablecoins regulated in Singapore. On 15 August 2023, the Monetary...

Southeast Asia’s fintech industry will have to maintain a delicate balance between promoting innovation and implementing strong regulatory frameworks. As this industry evolves, regulators across the region should work together to take proactive measures and collaborate to protect consumers and encourage fair and responsible financial practices. 

With a forward-thinking approach, the city-state has been at the forefront of stablecoin innovation - while keeping a keen eye on safeguards.

MAS streamlined its approach towards a framework for stablecoins in Singapore, taking into account feedback from stakeholders over the years.

Authorities conducted a large anti-money laundering operation recently, seizing assets worth S$1 billion. What is money laundering? Find out.

KPMG Pulse of Fintech – H12023 Global funding in fintech dropped 17 percent to US$52.4 billion across 2,153 deals in H123, while Singapore H123 funding fell to US$934...

The police said the suspects are believed to be involved in scams that caused losses of over S$21 million. What scams and how many?