Fintech News

OCTOBER 8, 2024

The Monetary Authority of Singapore (MAS) has released a consultation paper , inviting public feedback on its proposed regulatory framework for Digital Token Service Providers (DTSPs). The consultation paper outlines MAS’ proposed approach to licensing and regulating DTSPs.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Global Fintech & Digital Assets

NOVEMBER 7, 2023

They should take into account risks such as the experience and track record of the service provider, understand the technical aspects of the Tokenised Securities (e.g., They should also maintain appropriate policies to mitigate technology risks and not use public-permissionless blockchain networks without additional and proper controls.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

The Payments Association

DECEMBER 9, 2024

Furthermore, testing scenarios must satisfy the requirements of both the FCA and DORA, meaning that firms will need to demonstrate their resilience not only in the face of internal disruptions but also against ICT-specific risks and third-party dependencies.

Rules 88

Rules Compliance Risk Management Regulations 88