Singapore: Implemented MAS guidelines on consumer protection measures by digital payment token service providers including safeguarding of customer assets
Description
Implemented MAS guidelines on consumer protection measures by digital payment token service providers including safeguarding of customer assets
On 4 October 2024, the guidelines on consumer protection measures by digital payment token service providers adopted by the Monetary Authority of Singapore (MAS) entered into force. The guidelines apply to all digital payment token (DPT) service pro…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service 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
2022-10-26
in consultation
2022-12-21
processing consultation
2024-09-19
adopted
2024-10-04
in force