
Are digital payment tokens regulated in Singapore?
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?


What are digital payment tokens?
Could you please explain what digital payment tokens are and how they differ from traditional forms of payment? Are they a type of cryptocurrency, and if so, how do they function within the financial system? How secure are digital payment tokens, and what are the benefits and risks associated with using them for transactions? Additionally, are there any regulatory frameworks in place to govern their use and ensure consumer protection?
