Singapore: Adopted amendments to Payment Services Regulations including investor protection measures for digital payment token services
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2023-07-03
in consultation
2023-08-03
processing consultation
2024-04-02
adopted