Category: Compliance

Singapore has built upon its strengths as a global financial centre to become a leading global blockchain hub. It is home to a healthy blockchain ecosystem, comprising numerous players at the forefront of trends in areas such as asset tokenisation, cryptocurrency trading and custody, supply chain, insurance, digital identity and mobility. This enviable position has Read more

Singapore, 27 June 2025… The Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$960,000 in total on five Major Payment Institutions (MPIs), which are licensed to provide cross-border money transfer services, for breaches of MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements.  The breaches were identified during MAS’ examinations Read more

会议概述 本次名为《FSMA 新规对数字代币服务提供商(DTSPs)的影响》的座谈会由全球金融科技学院(GFI)主办,重点聚焦于新加坡即将实施的《金融服务与市场法案》(FSMA),并特别关注其对数字代币服务提供商(DTSPs)的影响｡会议首先由 GFI 介绍其使命与专业认证项目,随后就 FSMA 的背景､适用范围及对行业参与者的运营影响进行了深入探讨｡超过 220 名参与者在线出席了本次活动,并积极参与了问答互动环节｡ 精选语录 主要见解与启示 挑战与争议 总结 座谈会深入探讨了新加坡即将实施的 FSMA 框架,重点涵盖以下方面： 与会者一致认为,企业必须全面理解 FSMA 的定义与监管逻辑,并据此重新评估自身业务是否落入监管范畴｡ 会议最后强调： Read more

This panel, The Impact of FSMA’s New Regulations on Digital Token Service Providers (DTSPs), organized by the Global Fintech Institute (GFI), focused on the upcoming implementation of the Financial Services and Markets Act (FSMA) in Singapore, with particular attention to its effects on Digital Token Service Providers (DTSPs). The session began with an introduction to Read more

The Government issued the Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, reinforcing its commitment to establishing Hong Kong as a global hub for innovation in the digital asset (DA) field. This new policy statement builds upon the foundational measures outlined in the initial policy statement released in October 2022. The Read more

On June 30, 2025, key crypto licensing provisions in Singapore’s Financial Services and Markets Act (FSMA) finally take effect — three years after the legislation passed. In a long-awaited consultation response issued on May 30, 2025, the Monetary Authority of Singapore (MAS) clarified the new licensing requirements under the FSMA for digital token service providers (DTSPs). It also gave Read more

Key Points: The Senate passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government. Disrupting legacy rails Stablecoins are a subset of cryptocurrencies pegged to the value of real-world Read more

The Monetary Authority of Singapore (MAS) clarified the applicable scope for its Digital Token Service Providers (DTSPs) regime. MAS issued on 30 May 2025 its response to feedback received  on the Consultation Paper on Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act 2022. We would like to provide clarification Read more

What are “Digital Tokens”? What are DT Services? What are (not) DT Services? “(a) any service provided by any technical service provider that supports the provision of any digital token service, but that does not at any time enter into possession of any money or digital token under that digital token service, such as – Read more