Singapore extends assessment of digital bank licenses due to virus outbreak
SINGAPORE (Reuters) - The Monetary Authority of Singapore said it has extended the assessment period for approving digital bank licences in the city-state, citing the global escalation of the COVID-19 pandemic.
Successful applicants will be informed in the second half of 2020 instead of June 2020, as originally intended, the central bank said on Thursday.
(Reporting by Aradhana Aravindan in Singapore; Editing by Himani Sarkar)