Singapore MAS refers to the Monetary Authority of Singapore, which functions as the nation’s central bank and financial regulatory authority. MAS oversees monetary policy, banking, insurance, securities, and the broader financial sector. Its mandate includes promoting sustained economic growth and maintaining a sound and progressive financial services sector.
Context
In crypto news, Singapore MAS is frequently mentioned due to its proactive stance on regulating digital assets and blockchain technology within its jurisdiction. Reports often cover MAS’s issuance of licenses to crypto service providers, its guidelines on stablecoins, or its efforts to foster innovation while managing financial risks. The authority’s approach significantly influences the global perception and operational landscape for crypto businesses, positioning Singapore as a key financial hub.
Singapore's new DTSP framework mandates licensing for all locally-based digital asset firms, including those serving only overseas clients, to mitigate global illicit finance risks.
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