The intersection of peer-to-peer cryptocurrency transactions and the Payment Services Act 2019: Implications for businesses and consumers

31 Mar 2023

In Rio Christofle v Tan Chun Chuen Malcolm [2023] SGHC 66 the Court held that parties that engaged in a peer-to-peer transaction of cryptocurrency did not contravene the Payment Services Act 2019, even if they lacked the license to carry on a business providing a payment service.

Director Lin Shumin discusses this High Court decision in our Legal Update.

Please click here to read the update.