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MAS proposes to increase the current caps on the daily balances and annual outflows of money in e-wallets under the Payment Services Act, and to exempt issuers of ‘white label’ e-wallets from the aggregation requirement.

MAS Consults on Restrictions on Personal Payment Accounts That Contain E-money

Date
Oct 24, 2022
Author
OrionW
MAS proposes to increase the current caps on the daily balances and annual outflows of money in e-wallets under the Payment Services Act, and to exempt issuers of ‘white label’ e-wallets from the aggregation requirement.
Read more
The Ethereum “Merge” occurred on 15 September 2022, completing the blockchain network’s transition from a proof-of-work to a proof-of-stake consensus mechanism. The Merge resulted in an immediate 99.95% reduction in power consumption.

The Ethereum Merge and What It Means

Date
Sep 20, 2022
Author
OrionW
The Ethereum “Merge” occurred on 15 September 2022, completing the blockchain network’s transition from a proof-of-work to a proof-of-stake consensus mechanism. The Merge resulted in an immediate 99.95% reduction in power consumption.
Read more
In May 2022, the UST algorithmic stablecoin crashed, dragging its sister token LUNA and US$60 billion of combined market value down with it.

The Crash of UST and LUNA Digital Tokens Explained

Date
Jun 6, 2022
Author
OrionW
In May 2022, the UST algorithmic stablecoin crashed, dragging its sister token LUNA and US$60 billion of combined market value down with it.
Read more
In a significant decision, the Singapore High Court granted injunctive relief and disclosure orders against unidentified persons and cryptocurrency exchanges to trace and recover stolen cryptocurrencies.

Singapore High Court Grants Injunctive Relief Over Cryptocurrencies Against Unknown Persons

Date
Mar 4, 2022
Author
OrionW
In a significant decision, the Singapore High Court granted injunctive relief and disclosure orders against unidentified persons and cryptocurrency exchanges to trace and recover stolen cryptocurrencies.
Read more
New legislation introduced in Singapore's Parliament would now regulate virtual asset service providers (VASPs) that are based in Singapore but provide offshore services.

Singapore Proposes to Regulate Singapore-Based Providers of Offshore Virtual Asset Services

Date
Feb 17, 2022
Author
OrionW
New legislation introduced in Singapore's Parliament would now regulate virtual asset service providers (VASPs) that are based in Singapore but provide offshore services.
Read more
MAS issued guidelines banning the promotion of digital payment tokens (DPTs) to the general public in Singapore.

MAS Issues Guidelines on Providing and Promoting Digital Payment Token Services in Singapore

Date
Jan 19, 2022
Author
OrionW
MAS issued guidelines banning the promotion of digital payment tokens (DPTs) to the general public in Singapore.
Read more

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