Singapore: Minister of State for Trade and Industry issued response in parliamentary inquiry on regulations for digital payment token service providers
Description
Minister of State for Trade and Industry issued response in parliamentary inquiry on regulations for digital payment token service providers
On 5 March 2025, the Minister of State for Trade and Industry issued a response to a parliamentary inquiry on regulations for digital payment token service providers. They clarified their position on tightening rules for digital payment token servic…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Prohibition of goods and services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government