Singapore’s financial regulator has revealed it will help local cryptocurrency firms set up traditional bank accounts, to help boost the country’s fintech economy. “What we are trying to do is to bring the banks and cryptocurrency fintech startups together to see if there is some understanding they can reach,” Monetary Authority of Singapore managing director Ravi Menon told Bloomberg.
Singapore’s Financial Regulator Wants Its Banks And Blockchains To Be Friends
Matthew Beedham, The Next Web
Thu, 10/11/2018 - 3:52am
BING NEWS:
- EU watchdog urges banks to prioritize clients in AI usage
said that banks and investment firms must have “unwavering commitment” to clients' best interest when it comes to the usage artificial intelligence (AI). On May 30, ESMA released a public statement ...
05/30/2024 - 1:00 pm | View Link - Regulators must not stifle the potential of AI in financial services
Regulators are inherently cautious, but they must not allow concerns about risk to blind them to the enormous opportunities artificial intelligence presents for the financial well-being of Americans.
05/28/2024 - 3:00 am | View Link - DTCC, Chainlink complete fund data tokenization pilot with US banks
The DTCC and Chainlink have finished a pilot with several major U.S. banks aiming to increase the tokenization of traditional finance funds.
05/16/2024 - 2:13 pm | View Link - More
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