Monetary Authority of Singapore
Digital banking is one of the most misunderstood concepts in the financial world today.
Compliance costs are rising across the region due to 1MDB.
The latest phase of the project involves developing DvP capabilities for the settlement of tokenised assets across different blockchain platforms.
Singapore sustained a comeback in home sales in December.
Singapore issued a warning about cryptocurrencies after a recent surge in prices sent investors flocking to bitcoin.
Future development projects could potentially add 20,000 private housing units over the next one or two years.
People should be wary of some peer-to-peer lending platforms and the rapidly rising values of cryptocurrencies.
The cities’ central banks have signed a fintech cooperation agreement that will foster collaboration on business referrals, joint innovation projects, information sharing and the exchange of expertise.
Bitcoin’s rally and the proliferation of other digital assets is attracting the wary eyes of regulators globally.
“Our track record shows that we are keenly focused on inflation, keeping inflation under control.”
“At this point in time, there is no aggressive reason to tighten, even inflation is not a problem.”
The government will co-ordinate with the bank and expects to complete the investigation by the end of October.