Monetary Authority of Singapore
Coverage of Monetary Authority of Singapore in the Nexus archive.
- Virtual Assets Regulatory Authority CEO: Finance’s AI future moves at the speed of its slowest regulator
The Virtual Assets Regulatory Authority (VARA) CEO highlights the critical role of regulators in shaping AI's impact on finance, emphasizing the need for infrastructure innovation to keep pace with virtual assets' programmable and borderless nature. The article contrasts advanced regulatory technology programs in some jurisdictions with outdated methods in others, noting challenges in compliance and the growing integration of tokenized assets into traditional finance.
- Singapore tells banks to speed up account openings for wealthy clients
Singapore's regulator has instructed banks to expedite account openings for wealthy clients to reinforce the city-state's position as a global wealth hub. This move follows delays caused by money-laundering investigations that previously slowed processing times.
- Inside the MAS Sandbox: How Ripple is testing RLUSD for real trade settlements
Ripple is testing its RLUSD stablecoin within Singapore’s Monetary Authority of Singapore (MAS) sandbox to facilitate conditional trade settlements. However, the test does not equate to full regulatory approval from MAS.