Crypto & Digital Assets in Singapore

Why this matters

This is a formal consultation paper on proposed legislative amendments to the Payment Services Act 2019 to establish the MAS Single-Currency Stablecoin framework.

Why this matters

Parliamentary reply on virtual asset service provider regulation in Singapore. Covers DPTSCP licensing framework, AML/CFT supervision, and regulatory standards. Informational content documenting existing regulatory approach and FATF compliance assessment.

Why this matters

MAS announcement establishing Future of Finance Institute to accelerate AI and tokenisation adoption across financial sector. Informational news update on regulatory initiative for innovation governance and industry collaboration framework.

Why this matters

MAS revoked the Major Payment Institution licence of Bsquared Technology for serious regulatory breaches including weak risk management, conflict of interest policy failures, outsourcing guideline non-compliance, and provision of false/misleading information.