MAS Launches Central Bank Gold Vaulting Service and Announces Enhanced Tax Framework for Wholesale Gold Activities in Singapore

The Monetary Authority of Singapore (MAS) has launched a central bank gold vaulting service, offering foreign central banks, international financial institutions, and sovereign entities a secure option to hold gold reserves in Singapore. This initiative, along with an enhanced Goods and Services Tax (GST) framework for wholesale investment precious metal gold market activities, aims to further develop Singapore as a trusted and efficient gold trading center in Asia-Pacific. The national currency vault has a capacity of up to 500 tonnes, with room for expansion.