The Singapore International Commercial Court has published its first cryptocurrency judgment. In this briefing note we discuss the key novel points arising from the case (B2C2 Ltd v Quoine Pte Ltd [2019] SGHC(l) 3) and consider the implications for digital assets, smart contracts and artificial intelligence.
Singapore – Comprehensive Cyber Bill Published For Consultation
Overview: On 10 July 2017, the Singapore Government unveiled its draft Cybersecurity Bill (the Bill) and announced a public consultation to seek views and comments from the industry and members of public. The public consultation runs from 10 July to 3 August 2017.
This Bill comes on the back of various moves by the Singapore
Singapore FinTech: Regulatory Sandbox open for applications
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), has launched guidelines for its FinTech Regulatory Sandbox, which is now open for applications.
The regulatory sandbox is available to financial institutions or any interested firm that wishes to experiment with innovative financial services in a production environment but within a defined space and duration.
The
Singapore outsourcing: New guidelines for Financial Institutions
The Monetary Authority of Singapore has released its new outsourcing guidelines to financial institutions, which apply to existing outsourcings.
- Financial institutions have until 27 October 2016, to carry out a self-assessment of all existing outsourcing arrangements against the new guidelines.
- The guidelines also cover the use of cloud services and a revision to the definition
Hong Kong cyber security: Monetary Authority calls for proactive approach to tackle threats
On 15 September 2015, the Hong Kong Monetary Authority (HKMA) issued a circular to authorised institutions to highlight the management of cyber security risk.
Cyber security risk has been in the spotlight for a number of financial services regulators across the globe as an area of heightened risk, given the number of high profile attacks
What’s changing in the outsourcing landscape for Singapore financial institutions?
A set of Consultation Papers was issued in September 2014 (P018-2014 and P019-2014) by the Monetary Authority of Singapore (MAS). It sets out the proposed Notice on Outsourcing and the revised Guidelines on Outsourcing and will affect all financial institutions (licensed by MAS) who outsource or contract out any of their business
What’s new with data protection in Singapore?
The main data protection rules under the Singapore Personal Data Protection Act 2012 (PDPA) and the Personal Data Protection Regulations took effect on 2 July 2014, with several Advisory Guidelines issued later in September 2014.
The topics covered under the Advisory Guidelines range from (1) Advisory Guidelines covering selected topics such as Analytics and Research,