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Singapore: Investor protection measures for digital payment token services in amendment to Payment Services Regulations

Progress

Current status
in force
04 Oct 2024 in force
02 Apr 2024 adopted
03 Aug 2023 processing consultation
03 Jul 2023 in consultation

Scope

Implementers
Singapore
Policy Area
Other operating conditions
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

04 Oct 2024
in force

Implemented amended Payment Services Regulations including investor protection measures for digital payment token services

On 4 October 2024, the Monetary Authority of Singapore's (MAS) amended Payment Services Regulations 2019, including investor protection measures for digital payment token (DPT) services, enter into force. The regulations require DPT service provider…

Source
Event type order
Action type implementation
Government branch executive
Government body central bank
02 Apr 2024
adopted

Adopted amendments to Payment Services Regulations including investor protection measures for digital payment token services

On 2 April 2024, the Monetary Authority of Singapore (MAS) adopted amendments to the Payment Services Regulations 2019, including investor protection measures for digital payment token (DPT) services. The regulations require DPT service providers to…

Source
Event type order
Action type adoption
Government branch executive
Government body central bank
03 Aug 2023
processing consultation

Closed consultation on proposed amendments to the Payment Services Regulations including investor protection measures for digital payment token services

On 3 August 2023, the Monetary Authority of Singapore (MAS) closed its consultation on the draft amendments to the Payment Services Regulations 2019 including investor protection measures for digital payment token (DPT) services. One of the key chan…

Source
Event type order
Action type consultation closed
Government branch executive
Government body central bank
03 Jul 2023
in consultation

Opened consultation on proposed amendments to the Payment Services Regulations including investor protection measures for digital payment token services

On 3 July 2023, the Monetary Authority of Singapore (MAS) opened a consultation until 3 August 2023 on the draft amendments to the Payment Services Regulations 2019 including investor protection measures for digital payment token (DPT) services. One…

Source
Event type order
Action type consultation opened
Government branch executive
Government body central bank