MAS stärkt Krypto-Zahlungsregeln, das müssen Sie wissen – Fintech Singapore

tldr; The Monetary Authority of Singapore (MAS) has revised the Payment Services Act (PS Act) to expand regulation of payment services, including digital payment tokens (DPTs). The amendments, effective from April 4, 2024, extend oversight to custodial services for DPTs, DPT transactions, exchanges, and cross-border transfers. They aim to enhance anti-money laundering, counter-terrorism financing, user protection, and financial stability. Key changes include classification of retail customers, valuation methodologies for DPTs, custody arrangements for customer assets, and risk management requirements for DPT service providers. Entities must comply with new licensing and operational requirements to continue operations.

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