Revolut is rolling out EURR in parallel with Singapore's rules, utilizing tokenized deposits through SWIFT's ledger under MAS oversight.

The entities involved

• Revolut →

  financial technology company

  • Consumer protection issues arise as new entrants like Monzo and Revolut challenge established providers, with demands made regarding market practices and network usage.Fri 08:15
  • Revolut and Monzo are cited as examples of the ongoing neobank market trend.Fri 08:15
• Singapore →

  sovereign island country and city-state in maritime Southeast Asia

  • The Parliamentary Budget Officer notes that separating capital expenditure (capex) and operational expenditure (opex) is a common practice.Mon 17:41
  • Bird species typically found in Java.Mon 17:13
• MAS →
  • Singapore published studies on cross-border spending and leads in logistics tech funding, while MAS is expected to tighten monetary policy.Mon 01:12
  • Singapore and Hong Kong are major international investment hubs, with MAS leading tokenisation efforts in Singapore.Fri 06:04

Related events

• MAS and Bank Negara Malaysia issued policies regarding currency acceptance and exchange value.Sep 1
• An entity is expanding its services into the Singapore market, offering direct XRP Ledger deposits and withdrawals.Aug 25
• Revolut officially launched its Ultra package in Singapore, which includes subscriptions to Financial Times, ClassPass, and WeWork access.Aug 17
• Stablecoins are establishing themselves as a fundamental component of the global financial system.Fri 07:30
• MAS operates within Singapore's financial system.Jul 28