MAS launches 500-tonne gold vaulting service and extends GST waiver on gold services

The Monetary Authority of Singapore (MAS) has introduced a gold vaulting service with a 500-tonne capacity to offer foreign central banks, international financial institutions, and sovereign entities a secure option for holding gold reserves in Singapore. Additionally, MAS has extended the Goods and Services Tax (GST) waiver to certain gold-related services, enhancing the attractiveness of Singapore as a gold storage hub.

Originally published by gnews