Singapore will trial tokenized MAS bills in 2026, using a central bank digital currency to speed up and simplify settlements with primary dealers. The pilot is part of MAS’s Project Guardian, aiming to test digital finance, tokenized assets, and stablecoin regulations while improving efficiency and reducing risks.

At this year’s Singapore FinTech Festival, Coinlive explores ZKPAY, an innovative payment method by PlatON, an open financial infrastructure led by the LatticeX Foundation. Using ZKP technology, it enables transactions independent of traditional banking systems and Visa's authentication, enhancing security, privacy, and transaction efficiency.

Tencent and Visa have joined forces to launch palm recognition payments on the global stage, debuting the initiative at the Singapore Fintech Festival (SFF).

FINEXPO is set to host the highly anticipated Singapore Blockchain Festival and Traders Fair 2024 in Singapore.

Taiwan's central bank wraps up wholesale CBDC study, eyes cautious implementation in the era of 'Banking 4.0'.

Singapore's Monetary Authority strengthens crypto regulations to protect retail investors, introducing measures to curb speculative activities while facing concerns that such stringent oversight may impede the nation's crypto industry aspirations.

Singapore's regulatory stance aims to protect retail investors, maintain market integrity, and position the country as a trusted global financial center. The phased implementation of these measures from mid-2024 signifies a comprehensive approach to address potential risks associated with cryptocurrency trading. Investors are advised to exercise caution and avoid dealing with unregulated entities, aligning with the MAS's commitment to fostering a safer crypto market.

MAS Managing Director Ravi Menon disclosed plans for the central bank to collaborate with local banks, testing the practical use of CBDCs as settlement assets for domestic payments.

The Blockchain Festival Asia 2024 aims to be a pivotal event in the blockchain industry, offering a platform for exploring cutting-edge developments and emerging trends in blockchain technology.

A comprehensive look at the collaborative endeavours between Hong Kong and the United Arab Emirates in advancing fintech innovations