Upcoming Regulatory Measures for Digital Payment Token Service Providers (Part 2)

06 Dec 2023

On 23 November 2023, the Monetary Authority of Singapore published the second part of its response to feedback received on its previous consultation paper which proposed further new regulatory measures for digital payment token service providers. This outlines the authority’s final position of the rest of its proposals and how they will be implemented.
 
In this update, Directors Chua Tju Liang and Benjamin Gaw summarise the additional upcoming regulatory requirements which digital payment token service providers will have to comply with.
 
Please click here to read the update. 
Please click here to read Part 1 of the update.