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The Monetary Authority of Singapore (MAS)
Credit Suisse crisis
MAS fines Credit Suisse $3.9 mil for misconduct by its relationship managers
Credit Suisse's clients were given inaccurate or incomplete post-trade discussion and charged higher spreads, says MAS.
December 28, 2023
Fintech
UBS, DBS and SBI execute world first live repurchase transaction of natively-issued digital bond on public blockchain
This is part of MAS’s Project Guardian, a government-industry partnership to test the feasibility of asset tokenisation.
November 15, 2023
Cryptocurrency
Coinbase awarded full major payment institution licence from MAS
Coinbase follows crypto.com and Circle, who were awarded full licences this June.
October 02, 2023
Anti-money laundering
MAS reports $7.1 mil in penalties for anti-money laundering breaches from January 2022 to June
This is MAS’s fourth enforcement report, which details action taken high profile cases such as Three Arrow Capital and others.
September 21, 2023
Anti-money laundering
MAS reports $7.1 mil in compensation penalties for anti-money laundering related breaches from Jan 2022 to June 2023
This is part of the MAS’s fourth enforcement report, which details action taken against financial institutions and individuals.
September 19, 2023
Cryptocurrency
MAS finalises regulatory framework for single-currency stablecoins
Currently, stablecoins are treated as digital payment tokens, but the MAS says the framework is not adequate.
August 15, 2023
Gold
MAS tops the list of reported gold buyers in 1Q2023: WGC report
In Singapore, consumer demand for gold in the first quarter of the year fell 20% y-o-y to 3.3 tonnes from 4.1 tonnes in 1Q2022.
May 05, 2023