MAS outlook on Cryptocurrency

Will MAS regulate brokering DPT transactions under the Payment Services Act?


  • MAS intends to regulate it in future.

    "Brokering of DPT transactions (without possession of money or DPTs by the DPT service provider): The proposed amendments expand the definition of “digital payment token service” and include the service of inducing or attempting to induce any person to enter into or to offer to enter into any agreement for or with a view to buying or selling any DPTs in exchange for any money or any other DPT (whether of the same or a different type). This includes a situation where the entity providing such a service does not come into possession of money or DPTs."

    Source: Allen & Gledhill, last revised on 22 Jan 2020