Events listed in Payment Services Act 2019
Consultation Paper on Proposed Regulatory Measures for Digital Payment Token ...
ID 25916
The Monetary Authority of Singapore (MAS) has published a response paper to its consultations on proposed rule amendments to implement business conduct, consumer access, technology, and cyber risk management requirements on Digital Payment Token Service Providers (DPTSPs) to enhance investor protection and market integrity (please see EventID 22060 for more details in this matter). In this response paper, MAS summarizes the feedback it has ...
MAS Finalises Stablecoin Regulatory Framework
ID 24637
The Monetary Authority of Singapore, MAS, has published a response paper to its consultation on a proposed new regulatory framework for issuers and intermediaries of stablecoins – that is digital currencies whose value is bound to another asset such as another currency. In this paper, MAS summarizes the responses it has received to its consultation, summarizes key amendments it has made to the draft ...
MAS Publishes Investor Protection Measures for Digital Payment Token Services
ID 24009
The Monetary Authority of Singapore (MAS) has published a press statement to announce upcoming new requirements for Digital Payment Token Service Providers (DPTSPs) to enhance investor protection and market integrity. These measures aim to mitigate the risk of loss or misuse of customer assets and facilitate asset recovery in the event of a DPT service provider’s insolvency. — ###### Background In October 2022, MAS ...