Monetary Authority of Singapore

COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines

Retrieved on: 
Monday, December 4, 2023

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.

Key Points: 
  • CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.
  • "To retire coal plants, avoid those emissions, and create jobs, we need to create the right incentives for asset owners and communities and mobilize additional finance.
  • This innovative CCCI agreement will pilot a coal-to-clean credit methodology in the Philippines, one critical step toward breaking that overreliance and building a better future."
  • The project, the South Luzon Thermal Energy Corporation (SLTEC) coal plant, would become the world's first coal-fired power plant to leverage carbon credits to enable its early decommissioning.

COP28: The Rockefeller Foundation, ACEN Corporation, Monetary Authority of Singapore Partner to Explore Phasing Out Coal Plant in Philippines

Retrieved on: 
Monday, December 4, 2023

CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.

Key Points: 
  • CCCI and ACEN are working with the Monetary Authority of Singapore (MAS) to advance the potential project.
  • "To retire coal plants, avoid those emissions, and create jobs, we need to create the right incentives for asset owners and communities and mobilize additional finance.
  • This innovative CCCI agreement will pilot a coal-to-clean credit methodology in the Philippines, one critical step toward breaking that overreliance and building a better future."
  • The project, the South Luzon Thermal Energy Corporation (SLTEC) coal plant, would become the world's first coal-fired power plant to leverage carbon credits to enable its early decommissioning.

Allied Climate Partners Launches to Catalyze Bankable Climate-Related Projects in Emerging Economies

Retrieved on: 
Friday, December 1, 2023

Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.

Key Points: 
  • Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact.
  • "Local leaders around the world have identified a clear problem: there simply aren't enough bankable climate-related projects to deploy capital at the scale we need to address the climate crisis," said Allied Climate Partners CEO Ahmed Saeed.
  • The lack of bankable projects has long stifled climate investment in developing nations, particularly in the precarious early stages of project development.
  • That's where Allied Climate Partners comes in," said Andrew Steer, President & CEO of the Bezos Earth Fund.

Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market

Retrieved on: 
Wednesday, November 29, 2023

Upon receiving full approval, Paxos will continue to expand the global footprint of their regulated USD-backed stablecoins.

Key Points: 
  • Upon receiving full approval, Paxos will continue to expand the global footprint of their regulated USD-backed stablecoins.
  • The company's commitment to transparency, accountability and integrity is exemplified by its adherence to regulatory compliance and proactively seeking oversight.
  • Stablecoins issued with prudential oversight from established and reputable regulators represent a significant step towards democratizing access to commerce and financial services.
  • Paxos consistently pursues growth in global markets within regulated frameworks and engages with regulators to help inform digital asset rules.

Linux Foundation Projects Unite at COP28 to Showcase Open Source Action on U.N. Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023

SAN FRANCISCO , Nov. 28, 2023 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, is excited to announce a one-hour live-stream presentation at COP28, Dubai that will explore the transformative power of open source and how it is being used to advance the United Nations Sustainable Development Goals (SDGs). Featuring speakers from Linux Foundation Research, Linux Foundation Europe, OS-Climate, Hyperledger Foundation, AgStack Foundation, Fintech in Open Source Foundation (FINOS), Sustainable & Scalable Infrastructure Alliance, and the ELISA and Zephyr projects, the presentation will take place on December 6th from 15:00 - 16:00 GST in the COP28 Blue Zone.

Key Points: 
  • Featuring speakers from Linux Foundation Research , Linux Foundation Europe , OS-Climate , Hyperledger Foundation , AgStack Foundation , Fintech in Open Source Foundation (FINOS) , Sustainable & Scalable Infrastructure Alliance , and the ELISA and Zephyr projects, the presentation will take place on December 6th from 15:00 - 16:00 GST in the COP28 Blue Zone.
  • Linux Foundation community to discuss impact of open source in a live stream presentation at COP28, Dubai.
  • The Linux Foundation, home to more than 1,000 open source projects, aims to significantly scale up global, community-based open collaboration around solutions for climate change, sustainability, and environmental social governance (ESG).
  • "I am thrilled to share new research at COP28 that illustrates the myriad Linux Foundation projects as transformative, digital public goods vital to the acceleration of the UN Sustainable Development Goals."

Linux Foundation Projects Unite at COP28 to Showcase Open Source Action on U.N. Sustainable Development Goals

Retrieved on: 
Tuesday, November 28, 2023

SAN FRANCISCO, Nov. 28, 2023 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, is excited to announce a one-hour live-stream presentation at COP28, Dubai that will explore the transformative power of open source and how it is being used to advance the United Nations Sustainable Development Goals (SDGs). Featuring speakers from Linux Foundation Research, Linux Foundation Europe, OS-Climate, Hyperledger Foundation, AgStack Foundation, Fintech in Open Source Foundation (FINOS), Sustainable & Scalable Infrastructure Alliance, and the ELISA and Zephyr projects, the presentation will take place on December 6th from 15:00 - 16:00 GST in the COP28 Blue Zone.

Key Points: 
  • Featuring speakers from Linux Foundation Research , Linux Foundation Europe , OS-Climate , Hyperledger Foundation , AgStack Foundation , Fintech in Open Source Foundation (FINOS) , Sustainable & Scalable Infrastructure Alliance , and the ELISA and Zephyr projects, the presentation will take place on December 6th from 15:00 - 16:00 GST in the COP28 Blue Zone.
  • The Linux Foundation, home to more than 1,000 open source projects, aims to significantly scale up global, community-based open collaboration around solutions for climate change, sustainability, and environmental social governance (ESG).
  • "I am thrilled to share new research at COP28 that illustrates the myriad Linux Foundation projects as transformative, digital public goods vital to the acceleration of the UN Sustainable Development Goals."
  • For more information about the Linux Foundation's sustainability efforts, visit LF Sustainability , and read the Open Source for Sustainability report.

XREX Singapore Receives MAS Major Payment Institution Licence In-principle Approval

Retrieved on: 
Friday, November 17, 2023

SINGAPORE, Nov. 16, 2023 /PRNewswire/ -- XREX , a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.

Key Points: 
  • SINGAPORE, Nov. 16, 2023 /PRNewswire/ -- XREX , a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.
  • This is great for Singapore and great for our industry as a whole," said XREX Singapore CEO, Christopher Chye.
  • The MPI licence will allow XREX Singapore to expand XREX's crypto-friendly escrow payment tool – BitCheck – to support fiat, stablecoins, and cryptocurrencies.
  • XREX Singapore's in-principle approval encompasses a total of six payment services, namely:
    ii) Domestic money transfer service;
    iii) Cross-border money transfer service;
    vi) Digital payment token service.

XREX Singapore Receives MAS Major Payment Institution Licence In-principle Approval

Retrieved on: 
Friday, November 17, 2023

SINGAPORE, Nov. 17, 2023 /PRNewswire/ -- XREX , a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.

Key Points: 
  • SINGAPORE, Nov. 17, 2023 /PRNewswire/ -- XREX , a blockchain-enabled financial institution specialising in cross-border payments in emerging markets, announced today that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation's central bank and financial regulator.
  • This is great for Singapore and great for our industry as a whole," said XREX Singapore CEO, Christopher Chye.
  • The MPI licence will allow XREX Singapore to expand XREX's crypto-friendly escrow payment tool – BitCheck – to support fiat, stablecoins, and cryptocurrencies.
  • XREX Singapore's in-principle approval encompasses a total of six payment services, namely:
    ii) Domestic money transfer service;
    iii) Cross-border money transfer service;
    vi) Digital payment token service.

Paxos Receives In Principle Approval from MAS for New Entity that Will Issue USD-Backed Stablecoin in Singapore

Retrieved on: 
Thursday, November 16, 2023

SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue a new US dollar stablecoin that MAS has acknowledged to be substantively compliant with MAS' proposed stablecoin regulatory framework, in advance of the legislative framework coming into force. Upon receiving full approval, Paxos will be able to partner with enterprise clients to issue the USD-backed stablecoin in Singapore.

Key Points: 
  • First expansion into Asia of a US dollar stablecoin platform, substantively compliant with MAS' upcoming stablecoin framework
    SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte.
  • Paxos Digital Singapore will issue a new US dollar stablecoin that MAS has acknowledged to be substantively compliant with MAS' proposed stablecoin regulatory framework, in advance of the legislative framework coming into force.
  • Upon receiving full approval, Paxos will be able to partner with enterprise clients to issue the USD-backed stablecoin in Singapore.
  • Paxos is at the forefront of ushering in a new era of stablecoin utility and mainstream adoption.

Mojaloop Foundation to Present on Data Sovereignty Panel at Singapore Fintech Festival 2023

Retrieved on: 
Wednesday, November 8, 2023

The Mojaloop Foundation announced today that it will participate in a Singapore Fintech Festival 2023 panel discussion.

Key Points: 
  • The Mojaloop Foundation announced today that it will participate in a Singapore Fintech Festival 2023 panel discussion.
  • The session, Empowering Emerging Nations in Achieving Data Sovereignty and Financial Inclusion , will be moderated by Mojaloop Foundation Executive Director Paula Hunter and will include panelists from the Bill & Melinda Gates Foundation and the Monetary Authority of Singapore (MAS).
  • During the panel discussion, we will tackle the complexities of creating resilient digital sovereignty frameworks alongside the development of payment systems that improve financial inclusion, accessibility, and security.
  • By delving into cooperative strategies, technological innovations, and open source frameworks, we can propel financial inclusion through payment systems that empower both digital sovereignty and universal access to financial services."