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MAS opens applications for digital banking licences

The Monetary Authority of Singapore (MAS) is now accepting applications for digital banking licences, following a recent speech by Tharman Shanmugaratnam, senior minister and chairman of MAS, in which he shared the regulator’s intention to issue up to five digital banking licences. “The new digital bank licences, which will be extended to non-bank players, will ensure that Singapore’s banking sector continues…

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