Singapore

  • The Monetary Authority of Singapore issued guidelines on initial coin offerings (ICOs) and how securities laws apply to the issuance of digital tokens.
    In Force
  • The Monetary Authority of Singapore (“MAS”) has issued a consultation paper seeking feedback on the creation of it's 'express sandbox' to expedite the process of approvals of financial technology (FInTech) innovations to enter the MAS regulatory sandbox. Primary evaluation criteria assessed for that which is eligible (generally lower risk applications) include the level of technical innovation of the invention and the fitness and suitability of the key stakeholders of the applicant.
    Comment Period Open
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  • An Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters, to repeal the Money‑changing and Remittance Businesses Act (Chapter 187 of the 2008 Revised Edition) and the Payment Systems (Oversight) Act (Chapter 222A of the 2007 Revised Edition), and to make consequential and related amendments to certain other Acts. On January 14, 2019, the Parliament of Singapore passed the Payment Services Act, bringing cryptocurrency dealing or exchange services under the supervision of the Monetary Authority of Singapore
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  • An Act to provide for the licensing and regulation of payment service providers, the oversight of payment systems, and connected matters, to repeal the Money‑changing and Remittance Businesses Act and the Payment Systems (Oversight) Act, and to make consequential and related amendments to certain other Acts.
    Keywords:

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