Payment Services Act

Regulatory Action

MAS expands scope of regulated payment services; provision of DPT custodial services now included

The amendments will allow the MAS to impose requirements relating to AML/CFT, user protection and financial stability on DPTSPs.
MAS stops crypto service providers from marketing to general public - THE EDGE SINGAPORE

Cryptocurrency

MAS stops crypto service providers from marketing to general public

This includes advertising in public areas in Singapore as well as through the engagement of third parties.

Cryptocurrency

Temasek-backed Binance applies for Singapore crypto licence

(Feb 17): Binance Holdings, operator of one of the world’s largest crypto exchanges, has applied for an operating license in Singapore under the government’s new payments legislation.

Cryptocurrency

New Singapore law allows global crypto firms to expand locally

The Payment Services Act, which comes into force Tuesday, is the first comprehensive regulation for companies handling activities ranging from digital payments to trading of tokens such as Bitcoin and Ether.
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