The Monetary Authority of Singapore has published a comprehensive plan to make Singapore a leading international financial center - with plenty of allowances for FinTech companies to thrive, including accommodative blockchain policies.
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Singapore looks to fintech for the future of its financial sector
Introducing centralized blockchain platforms. MAS wants to transform the insurance marketplace by enabling more accurate risk decisions, as well as the creation of specialist insurance solutions to address emerging risks in the region. Centralized blockchain platforms will help facilitate this by affording firms a consistent technology infrastructure to underpin their solutions. This will make incorporating solutions with one another easier and enhance working together across sectors.
