MAS to Implement E-Payments User Protection Guidelines

The Monetary Authority of Singapore (MAS) commenced a public consultation on 13 February 2018 on its proposals to enhance the protection of consumers and micro-enterprises (account holders) that adopt electronic payments (e-payments) from losses arising from unauthorised or erroneous payment transactions through their payment accounts. The proposals are part of the measures contemplated by MAS to encourage the wider adoption of e-payments.

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Gibraltar to Enact Law Regulating ICOs

In a press release issued jointly with the Gibraltar Financial Services Commission (GFSC) on 12 February 2018, the Government of Gibraltar announced that it is in the process of drafting legislation to regulate initial coin offerings (ICOs) in Gibraltar.

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An Overview of MAS's FinTech Regulatory Sandbox

The Monetary Authority of Singapore (MAS) seeks to create a smart financial centre where innovative technology is pervasively utilised in the financial sector, and from which Singapore can reap benefits such as increased efficiency and risk management. To achieve this objective, MAS issued its FinTech Regulatory Sandbox Guidelines in November 2016.

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Malaysia Seeks to Apply AML Rules to Digital Currency Exchanges

Bank Negara Malaysia (Bank), Malaysia's central bank, has issued an exposure draft proposing to extend the scope of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) to include digital currency exchanges.

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MAS Publishes a Guide to Digital Token Offerings in Singapore

Following on from its press release in early August 2017 which dealt with the regulatory position on the offer of digital tokens in Singapore, the Monetary Authority (MAS) has now published general guidance on the application of the securities laws administered by it in relation to offers or issues of digital tokens in Singapore (the Guide).

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