Cryptocurrency Q&A
Are digital payment tokens regulated in Singapore?
Are digital payment tokens regulated in Singapore?
GangnamGlitter
Tue Feb 18 2025
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answers
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I am considering investing in digital payment tokens, but before that, I want to understand if these tokens are regulated in Singapore. Is there any legal framework or guidelines that govern digital payment tokens in the country?
7 answers
CryptoAlly
Thu Feb 20 2025
Institutions are also allowed to utilize these services, broadening their access to digital assets.
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CryptoMercenary
Thu Feb 20 2025
The firms offering digital payment token services are now regulated by the Monetary Authority of Singapore.
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Martina
Thu Feb 20 2025
The Monetary Authority of Singapore granted Blockchain.com an in-principle approval in September 2021.
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Chiara
Thu Feb 20 2025
This regulation is under the Payment Services Act, ensuring compliance and security.
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CryptoMystic
Thu Feb 20 2025
This approval marks a significant milestone for Blockchain.com in the region.
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