Search results for Monetary Authority of Singapore
AI & Enterprise
Anchorage Digital scales back front-line role in USDG consortium to strengthen stablecoin neutrality
Anchorage Digital, the first federally chartered crypto bank in the digital asset sector, is scaling back its front-line role in the USDG stablecoin consortium that includes Robinhood and Kraken, while maintaining membership. Co-founder and CEO Nathan McCauley (네이선 맥컬리) said the company will continue to support USDG but take a more neutral stance rather than promote a single stablecoin. The shift follows changes in its business structure, including discussions with banks and tech firms on stablecoin issuance and a partnership with M0.
Finance
Singapore monetary authority uses AI to fight financial fraud, validated with real transaction data
The Monetary Authority of Singapore is validating artificial intelligence models for detecting financial fraud using real bank account information and transaction data. It is running a joint project with Singapore’s Government Technology Agency and the police to improve fraud detection. MAS is pooling historical transaction data from five banks and training and evaluating models using participating banks’ actual account numbers. It also set up security measures, including hashed account numbers and controlled data-sharing environments.
Crypto
SBI Holdings seeks controlling stake in Singapore crypto exchange Coinhako
SBI Holdings has signed a letter of intent to acquire a stake in Singapore cryptocurrency exchange Coinhako, Cointelegraph reported. The transaction will be carried out through SBI Ventures Asset. Once completed, SBI Holdings will become Coinhako\'s controlling shareholder and plans to fold it into a wholly owned subsidiary after regulatory approval. Chairman Yoshitaka Kitao said the deal is part of a strategy to build global infrastructure spanning digital assets, securities and stablecoins.