Payment Services Amendment News Today

Singapore - MAS Proposes Amendments To Operationalise The Payment Services (Amendment) Act 2021. Legal News and Analysis - Singapore - Capital Markets -

Due to the growing popularity of digital assets, governments and regulators have had to examine their legal and regulatory frameworks to develop new laws to regulate market activities relating to this asset class...

/PRNewswire/ -- The crypto CeFi industry experienced unprecedented turmoil during the summer of 2022, which took down some of the largest platforms, such as...

The Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) was ordered into liquidation in late June after losing more than $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time. The collapse may have shaken Singapore’s burgeoning cryptocurrency sector, but lawyers say that tighter scrutiny of the industry from the city-state’s authorities will ensure its sustainable growth.

Singapore is one of the hottest countries in the region for fintech. Lynette Koh is a director at Helmsman, a multi-disciplinary law firm that has been expanding its offering beyond shipping and commodities to areas like corporate, banking and finance, dispute resolution and employment. She talks about some of the regulations companies in the fintech space need to keep in mind, and how this area is expected to develop in the near future.

An overview of licensing and other key regulatory requirements for fintech products and services in Singapore.

Singapore - Taking The Payment Services Act To The Moon – A Gentle Reminder On The Financial Services And Markets Bill. Legal News and Analysis - Singapore - Banking & Finance -

The co-chairs of the multi-ministry task force will deliver ministerial statements in Parliament on Monday on the Governments response to Covid-19. Health Minister Gan Kim Yong and Education Minister Lawrence Wong will address questions by MPs on various aspects of the coronavirus pandemic. Eight MPs have asked about the Covid-19 vaccine roll-out, according to the agenda set in the Order Paper issued by the Clerk of Parliament yesterday. Ms Foo Mee Har (West Coast GRC) asked for details of the ...