Singapore: Implemented MAS amendments to Payment Services Regulations 2019 and other notices including operational license requirement for digital payment token providers
Description
Implemented MAS amendments to Payment Services Regulations 2019 and other notices including operational license requirement for digital payment token providers
On 4 April 2024, the Monetary Authority of Singapore (MAS) amendments to the Payment Services Act 2019 (PS Act), the Payment Services Regulations 2019, and the Financial Support for Anti-Money Laundering/Countering the Financing of Terrorism (AML/CF…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body
Complete timeline of this policy change
Hide details
2023-05-08
in consultation
2023-06-08
processing consultation
2024-04-02
adopted