Singapore Cooperated with Indian State Government to Explore FinTech

The central bank of Singapore cooperated with the government of the Indian state of Maharashtra to jointly explore FinTech initiatives in areas including blockchain technology
26 February 2018   349

On Monday, The Monetary Authority of Singapore (MAS) and the Government of Maharashtra (GoM) signed a Memorandum of Understanding (MoU) to strengthen cooperation in promoting FinTech innovation including blockchain technology in the two markets.

Two entities will explore joint innovation projects that will see the application of financial technologies including blockchain, digital and mobile payments and big data. According to the MoU’s terms, it will enable regulatory discussions and an exchange of information and data on FinTech-related trends in order to encourage the development of the sector.

It is believed that this agreement will foster engagements between FinTech startups in Singapore and Indian state Maharashtra. A FinTech-based curriculum developed for educational programs in the Indian state is also being considered.

More than that, in Mumbai, will be established a Centre of Excellence (COE) and a marketplace for Singapore-based FinTech solutions.

The creation of a Centre of Excellence and marketplace for FinTech solutions in Maharashtra could create more opportunities for Singapore-based FinTech firms.

Sopnendu Mohanty

MAS FinTech chief

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.