News & Analysis as of

FinTech Singapore

A&O Shearman

Combatting payment account fraud: Singapore's Shared Responsibility Framework

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On October 24, 2024, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly announced the implementation of the Shared Responsibility Framework (SRF) in relation to phishing...more

A&O Shearman

Combatting payment account fraud: latest regulatory developments in Singapore

A&O Shearman on

On 25 October 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly published a consultation paper on a proposed Shared Responsibility Framework (SRF) in relation to...more

Conyers

B2B, B2C, BVI – Crypto Disputes in the Caribbean

Conyers on

In the crypto world, does it really matter where you are? Is there a sunny offshore paradise perspective on the click of a button and a fintech trade? The answer lies as usual in how to unravel a problem should it arise. Both...more

BakerHostetler

Crypto Firms Partner On Stablecoin Initiatives; Tokenization Discussion Paper Published; Hackers Steal $200M From Cross-Chain...

BakerHostetler on

EURC Stablecoin Launches on Stellar; Singapore Exchange Integrates PYUSD - In a recent press release, the issuer of USDC and the Stellar Development Foundation (SDF) announced that the euro-pegged stablecoin EURC has...more

American Conference Institute (ACI)

[Event] 2nd Forum on Digital Assets Compliance: AML, Sanctions and Regulatory Oversight - October 17th - 18th, New York, NY

With so many new, emerging risks coming to the forefront, ACI is excited to announce our Digital Assets Compliance: AML, Sanctions and Regulatory Oversight. Unlike other conferences, this highly anticipated event stands apart...more

A&O Shearman

Allen & Overy and Standard Chartered launch guide to payment regulations in Asia

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Allen & Overy and international banking group Standard Chartered have today launched the first Guide to Payment Regulations for corporates and fintech customers navigating the evolving payments landscape in eight key markets...more

Morgan Lewis

Singapore High Court Recognises Cryptocurrency as Property Capable of Being Held on Trust

Morgan Lewis on

In the recent decision of ByBit Fintech Ltd v Ho Kai Xin and others [2023] SGHC 199, the Singapore High Court held that cryptocurrency is property capable of being held on trust. This decision marks the first time that the...more

Morgan Lewis

Cryptocurrency Not Recognised as Money, Singapore High Court Rules

Morgan Lewis on

The Singapore High Court recently rejected Algorand Foundation’s application to liquidate Three Arrows Capital based on a claim of 53.5 million USD Coin (USDC)—a form of cryptocurrency also known as a stablecoin, designed to...more

Latham & Watkins LLP

Hong Kong Launches International Carbon Marketplace, Singapore Introduces ESG Hub

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Hong Kong’s Core Climate aims to facilitate trading of carbon credits, while the Hub plans to expedite Singapore’s ESG ecosystem growth. On 28 October 2022, the Hong Kong Exchange and Clearing Limited (HKEX) launched Core...more

Morgan Lewis

Singapore High Court Decision Clarifies When Foreign Debtors May Restructure Debts in Singapore

Morgan Lewis on

The Singapore High Court has clarified the definition of “centre of main interests” in the context of a crypto exchange group seeking to restructure its collective debts in Singapore. The analysis has implications to any...more

Morgan Lewis

Legal Issues and Trends in the Singapore Crypto Scene

Morgan Lewis on

Singapore has become a popular destination for new and existing cryptocurrency funds, just in time for the perceived oncoming “crypto winter.” This LawFlash spotlights trends and legal issues that companies should be aware of...more

Morgan Lewis

New Guidelines Discourage Cryptocurrency Trading by General Public in Singapore

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The Monetary Authority of Singapore (MAS) has issued new guidelines discouraging service providers of digital payment tokens (DPT), commonly known as cryptocurrencies, from promoting their services to the general public or...more

White & Case LLP

Southeast Asia’s tech boom fuels recordbreaking H1

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The region’s burgeoning digital economy is drawing attention from investors across the globe - The value of deals taking place in Southeast Asia reached a new high in the first half of 2021. Deals worth US$101.6 billion...more

K&L Gates LLP

HUB Talks: Payments Across the Globe Miniseries - Trends in Singapore

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Judith Rinearson and Jeremy McLaughlin sit down with payments lawyers to cover the fintech market place, trends, and developments around the world in the Payments Across the Globe miniseries. In this episode Jeremy McLaughlin...more

Latham & Watkins LLP

Key Regulatory Developments in Hong Kong and Singapore: November 2020

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Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange. This blog post summarises key regulatory...more

Morgan Lewis

Singapore’s National AI Strategy Is Shaping Its Regulatory Outlook

Morgan Lewis on

As a global team, we pay attention to financial regulatory and fintech events happening around the world. In that spirit, we are reporting on some intriguing new regulatory initiatives that were announced at the Singapore...more

A&O Shearman

Digital banking licences in Singapore: MAS opens applications

A&O Shearman on

The Monetary Authority of Singapore (MAS) announced on 29 August 2019 that it will begin accepting applications for new digital bank licences. This follows from its earlier announcement on 28 June 2019 of its intention to...more

Kilpatrick

High Speed in the FinTech Patenting Race

Kilpatrick on

Jason Gardner discusses Singapore's FinTech Fast Track and some of the similar opportunities available to entities filing patent applications in the US. Visit the Kilpatrick Townsend FinTech blog at bit.ly/KT_FinTech for more...more

Morgan Lewis

Singapore Halts Initial Coin Offering Due to Breach of Advertising Restrictions

Morgan Lewis on

The Monetary Authority of Singapore (MAS) recently stopped an initial coin offering (ICO) from proceeding in Singapore on grounds that the issuer failed to comply with the non-advertisement condition associated with the...more

K&L Gates LLP

Singapore and London: FinTech Regulation Report

K&L Gates LLP on

A report has been published summarising the findings from research by ICAEW (The Institute of Chartered Accountants in England and Wales) and ISCA (Institute of Singapore Chartered Accountants) into FinTech in London and...more

Katten Muchin Rosenman LLP

Bridging the Week - November 2018 #4

The Securities and Exchange Commission’s view that most cryptoassets issued as part of initial coin offerings and presales to ICOs are securities was challenged by a federal court in California when it denied the agency’s...more

Perkins Coie

Virtual Currency / FinTech Week-in-Review

Perkins Coie on

Week of October 15-19, 2018 - SEC Launches FinHub to Facilitate Public Engagement on FinTech Issues - On October 18, the SEC launched FinHub, a new “Strategic Hub for Innovation and Financial Technology.” The SEC...more

Perkins Coie

Blockchain Week in Review - October 2018 #2

Perkins Coie on

U.S. Developments - Regulatory Updates - FinCEN Issues Advisory on Illicit Iranian Activities - On October 11, 2018, the U.S. Treasury Department Financial Crimes Enforcement Network (“FinCEN”) issued an advisory to...more

Perkins Coie

Blockchain Week in Review - September 2018 #3

Perkins Coie on

Hester Peirce Remarks at Cato Institute Conference - Hester Peirce made remarks at the Cato Institute’s Fintech Unbound conference on September 12, 2018. Commissioner Peirce commented that securities regulators are too risk...more

Katten Muchin Rosenman LLP

Corporate & Financial Weekly Digest, Featuring Articles on Tick Size Pilot Program, FinTech Innovations, Senior Managers and...

BROKER-DEALER - SEC Releases Statement on Expiration of Tick Size Pilot - On September 10, the Securities and Exchange Commission announced the early expiration of its Tick Size Pilot Program. Under the program, the...more

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