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MAS

Singapore DBS’s digital services hit days after central bank ban ends

by Walter Watson
Singapore DBS’s digital services hit days after central bank ban ends

DBS Group Holdings Ltd. was hit by renewed disruptions to its internet banking and payment services in Singapore on Thursday, days after a six-month ban by the island’s central bank …

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Bitstamp Exchange Receives “In-Principle” Approval from Singapore’s MAS

by Isaac Wright
Bitstamp Exchange Receives “In-Principle” Approval from Singapore’s MAS

Bitstamp secures in-principle approval to offer digital payment token services in Singapore. The Major Payment Institution (MPI) license marks a significant milestone for the European exchange’s Asian expansion. Bitstamp aims …

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Green finance: surge of climate-transition emerges from Asia’s governments to promote decarbonisation projects

by Anas Siddiqui
Green finance: surge of climate-transition emerges from Asia’s governments to promote decarbonisation projects

Such guidance is necessary to promote lending for climate-transition plans. But the profusion of guidance from multiple governments is also a possible source of conflicting information. Hong Kong green fintech …

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China, Singapore to let each other’s tourists pay with digital yuan as Beijing seeks to globalise its e-CNY currency

by Anas Siddiqui
China, Singapore to let each other’s tourists pay with digital yuan as Beijing seeks to globalise its e-CNY currency

Tourists from China and Singapore will be able to pay with the e-CNY when travelling to both countries as part of a new pilot programme, in a breakthrough for Beijing’s …

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Singapore warns on risks, weaknesses to global financial stability

by Walter Watson
Singapore warns on risks, weaknesses to global financial stability

The combination of elevated global interest rates and pre-existing weaknesses remain a threat to world financial-market stability, Singapore’s central bank has warned. Fragilities built up during the Covid-19 pandemic may …

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CBDCs can replace cash, improve cross-border payments: IMF chief at Singapore fintech event

by Walter Watson
CBDCs can replace cash, improve cross-border payments: IMF chief at Singapore fintech event

Governments and central banks should step up the adoption of central bank digital currencies (CBDCs) to improve cross-border payments, which are currently “expensive, slow and available to few”, said Kristalina …

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Singapore stands firm on inflation – as Philippines, Indonesia start to sweat

by Walter Watson
Singapore stands firm on inflation – as Philippines, Indonesia start to sweat

Singapore’s monetary policy “remains appropriately tight”, according to the city state’s central bank chief Ravi Menon who signalled that authorities aren’t necessarily under pressure to do more even as regional …

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