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On 28 June 2019, the Monetary Authority of Singapore (“MAS”) announced that it will issue up to five (5) new digital bank licences. The five (5) new banking licences comprise: Read more

August 22, 2019

The Payment Services Bill was introduced in Parliament on 19 November 2018 and passed on 14 January 2019. Under the Payment Services Act 2019 (“PS Act”), the Monetary Authority of Read more

April 26, 2019

Introduction On 19 November 2018, following two rounds of public consultation over the past 3 years, the Monetary Authority of Singapore (“MAS”) finalised its new regulatory framework for payment services Read more

December 18, 2018

The Stamp Duties (Amendment) Bill (“Amendment Bill”) was read for the first time in Parliament on 6 August 2018. The main proposed change is to introduce a new Part VIIIA Read more

September 28, 2018

In previous articles in this on-going series of articles, we discussed crypto currencies; block chain, smart contracts and ICOs, including how the Monetary Authority in Singapore regard ICOs. This article Read more

December 1, 2017

On 14 November 2017, the Monetary Authority of Singapore (“MAS”) issued A Guide to Digital Token Offerings (“Guide”), click here to access a copy of this. We set out a Read more

November 1, 2017

Introduction In our previous articles (which can be accessed here and here), we introduced cryptocurrencies (with a focus on Bitcoin) and highlighted some legal, regulatory and tax issues relating to Read more

September 1, 2017

Introduction In this second article of a three-part series, we introduce initial coin offerings (“ICO”) – including the components of an ICO, a brief overview of the ICO process, the Read more

September 1, 2017

MAS directs bank to shut down in Singapore over serious breaches of anti-money laundering requirements As one of the leading financial centres in Asia, Singapore is committed to uphold the Read more

July 1, 2016

On 31 August 2015 the Monetary Authority of Singapore (the “MAS”) issued a consultation paper setting out the proposed consequential amendments to regulatory requirements (the “Consultation Paper”) following the announcement Read more

December 1, 2015