Michael Wiegand, Director of Financial Services for the Poor at Bill & Melinda Gates Foundation, delivered a keynote speech on the subject of “Democratising Knowledge: The Great Equaliser in a Digital Future.”
Earlier in December we heard the news that Binance had withdrawn its application to obtain a cryptoexchange licence in Singapore. This followed frequent clashes with the regulator in Singapore, which in September prompted Binance to ban its users in the country from trading on its global platform.
The appointment of the board members is seen as key to fulfilling Elevandi’s mission of fostering a dialogue between the public and private sectors to allow for the growth and positive impact of FinTech in the new digital economy.
The Co-operation Agreement sets out a framework for FinTech collaboration between both countries. It will put in place a referral mechanism to help FinTech firms access each other’s markets. MAS and MNB have also committed to exchange views on emerging market trends and developments in FinTech, as well as regulatory issues on financial services innovation. The agreement will facilitate joint innovation projects between MAS and MNB.
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