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Singapore finance regulator shows fondness for fintech, continues to mull virtual money

By Phoebe Seers ( March 30, 2016, 08:12 GMT | Insight) -- ​The Monetary Authority of Singapore and the Association of Banks in Singapore are hosting a conference to discuss how fintech innovation can benefit consumers, financial institutions and fintech developers in the city-state. Regulators in Singapore are champions of fintech generally, but remain undecided on the merits of virtual currencies. Despite the absence of a regulatory framework, Bitcoin wallet provider BitX is still making headway in other parts of Southeast Asia, notably in Malaysia and Indonesia.The Monetary Authority of Singapore, or MAS, and the Association of Banks in Singapore, or ABS, are hosting a conference* to discuss how financial technology, or fintech, innovation can benefit consumers, financial institutions and fintech developers in the city-state....

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