The proposed regulations cover authorisation, supervision, governance arrangements, and risk management.
June 14, 2023Crypto firms still under a PSA exemption have to report the total number of "higher risk customers" they serve, such as PEPs and their close associates.
June 1, 2023The consultation covers amendments to Payment Services Regulations and existing notices to include newly scoped-in payment services like DPT services.
May 10, 2023Ten payment services are required to disclose payment commission rates charged to businesses, including Naver Pay, Kakao Pay and Toss Pay.
January 8, 2023Prosecutors seized and froze USD 104.4 million in assets belonging to Daniel Shin, representing profits from the sale of pre-issued LUNA tokens to investors.
November 24, 2022FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
March 16, 2022The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
February 18, 2022Binance Asia Services, which operates Binance.sg, is a "distinct entity" and may still operate under an exemption while its licence application is under review.
September 6, 2021Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
August 27, 2021