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Singapore Finalises New Stablecoin Regulatory Framework

The Monetary Authority of Singapore announced a new framework that seeks to ensure value stability for stablecoins regulated in Singapore. On 15 August 2023, the Monetary Authority of Singapore (MAS), Singapore’s primary...more

Monetary Authority of Singapore Introduces Investor Protection Measures For Digital Tokens

MAS has published new requirements for DPT service providers and a consultation paper on additional regulations and prohibitions against unfair trading practices. On 3 July 2023, the Monetary Authority of Singapore...more

Hong Kong Securities and Futures Commission Issues Statement on NFTs

The SFC issued a statement to clarify its regulatory approach in relation to non-fungible tokens and remind investors of related risks. On 6 June 2022, the Hong Kong Securities and Futures Commission (SFC) issued a...more

Singapore: MAS Issues Guidelines on Promoting Digital Payment Token Services

The guidelines set out the MAS’ expectation that digital payment token service providers should not promote their services to the general public in Singapore. On 17 January 2022, the Monetary Authority of Singapore (the...more

Extensive Changes to Singapore’s Data Protection Regime Take Effect

Amendments to the PDPA significantly change Singapore’s data protection landscape, including mandatory data breach notification and criminal offences for mishandling of personal data. On 1 February 2021, certain sections...more

Monetary Authority of Singapore Proposes Stricter Identity Verification Requirements

The proposal would require financial institutions to use certain categories of information for non-face-to-face verification before undertaking transactions or requests. In November 2020, the Monetary Authority of...more

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