Ravi Menon News
29.11 / 12:43
Citi
Digital
testing
MAS chief rubbishes private crypto in speech
This is the view of Ravi Menon, retiring head of the Monetary Authority of Singapore (MAS) who belives he is not the only one on the way out.
07.12 / 12:15
Digital
Cooper
economy
country
2020
travelers
China CBDC
Singapore, China to Begin Piloting Digital Currency in Tourism Spending Push
Singapore’s regulatory body the Monetary Authority of Singapore (MAS) plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending.
28.11 / 07:03
CBDC
Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies
Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene.
17.11 / 06:03
Blockchain
CBDC
Adoption
Digital Currency
Digital Dollar
Singapore central bank to trial live wholesale CBDC for settlements
A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements.
21.02 / 12:47
Blockchain
CBDC
Adoption
Reserve Bank of India
Indian Government
National
network
India expands national payment network to Singapore: What’s in it for crypto?
India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage.
02.09 / 18:54
31.08 / 08:47
Ethereum
ethereum price today
avalanche
Bitcoin
Crypto Price Today Live: Bitcoin tops $20,000; Avalanche & Ethereum gain 6% each
Bitcoin reclaiming the $20,000 mark, its major support and psychological level. Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve's rate-hike path, Reuters reported. Fed Chair Jerome Powell's speech at the Jackson Hole conference spooked the traders across the world of all riskier asset classes. Despite the recovery, the total market cap of the crypto space remained below the $1 trillion mark. The global cryptocurrency market cap was trading higher at the $980.62 billion mark, rising more than 3 per cent in the last 24 hours. However, the total trading volume dropped about 20 per cent to $64.88 billion.
30.08 / 07:59
cryptocurrency
Digital
Cooper
Singapore Might Restrict Retail Access To Cryptocurrencies: Central Bank
These measures are meant to reduce consumer risk while trading in such volatile assets.
29.08 / 21:03
Blockchain
Digital
Gemini
Huobi
Singapore mulls tightening rules around crypto-trading by retail investors
Singapore is planning to introduce new regulations that will tighten the trade of cryptocurrencies by retail investors, according to one of the country’s leading regulatory officials. The step is being taken to safeguard the interest of investors, given the fact that they remain “irrationally oblivious” about the risks associated with the market.
29.08 / 18:01
Digital
Bitcoin
Singapore to tighten retail crypto trading rules
MAS managing director Ravi Menon said during a speech on Monday.Many people seem to be "irrationally oblivious" about the risks of cryptocurrency trading, said Menon.In January, the regulator restricted digital asset players from promoting cryptocurrency services at public spaces, leading to the dismantling of Bitcoin ATMs and the removal of advertisements in MRT stations.Now, it is considering further measures, adding "frictions" on retail access to crypto.
29.08 / 17:39
Blockchain
UPS
Singapore’s Central Bank Slams Crypto Trading, Talks Up Digital-Asset Opportunities
Singapore’s top financial regulator said cryptocurrencies are “highly hazardous” to many investors, but made clear the city-state still wants to develop and actively promote a digital-asset ecosystem.
29.08 / 14:23
Government
Adoption
Investments
MAS doesn’t trust retail crypto investments, mulling more regulations
The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29.
29.08 / 13:59
Digital
Luna
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests.
26.08 / 13:41
business
Central Bank
Bitcoin
Singapore MAS examines crypto firms ahead of new regulations: Report
The Monetary Authority of Singapore (MAS) has started taking measures to prepare for new cryptocurrency regulations addressing the ongoing liquidity crisis and withdrawal issues.
21.07 / 14:01
cryptocurrency
Money laundering
Crypto Exchange
Monetary Authority of Singapore to tighten laws for crypto players
Amidst heightened volatility in the cryptocurrency market, the Monetary Authority of Singapore (MAS) will tighten laws for crypto players in the country in the coming months, and take firm action if any entity is found to be conducting illegal activities, Managing Director Ravi Menon said.
19.07 / 21:07
regulation
Venture Capital
Terra
Financial
Singapore's financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation.
31.05 / 13:07
Blockchain
Digital
Deal
Blockchain Association Singapore and Statutory Board JTC Signs MOU Deal
Blockchain Association Singapore (BAS) and statutory board JTC have signed a Memorandum of Understanding (MOU) to collaborate in co-developing and nurturing a virtual blockchain ecosystem.
19.04 / 15:47
regulation
Indian
crypto rules
Indian minister wants global crypto rules to curtail money laundering risk
Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities.
09.11 / 14:03
Blockchain
Stablecoin
Adoption
Retail-focused Singaporean CBDC to hedge against privately issued stablecoins
Singaporean central bank Monetary Authority of Singapore (MAS) has ramped up efforts to research and develop a central bank digital currency (CBDC) for retail use under the Project Orchid initiative.
02.11 / 21:19
Blockchain
Assurant
Bitcoin
Singapore ready to ‘lead,’ when a crypto economy ‘takes off’
Ravi Menon, Managing Director of Monetary Authority of Singapore, revealed in an interview with Bloomberg that the nation-state wants to lead the crypto race.
02.11 / 16:11
cryptocurrency
regulation
Bitcoin
Future
Singapore to Invest in the Future with 'Strong Regulation' of Crypto
In a sign of increasing competition among crypto-friendly jurisdictions, Singapore aims to lure crypto businesses from across the world and is determined to develop “strong regulation” to ensure regulatory clarity and enforce compliance, according to Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS).
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