Operating or listing on a crypto exchange

Are DPT token swaps done on an exchange regulated?

  • Facilitating token swaps on an exchange constitutes a regulated DPT service.

    "The PSA now regulates entities offering any of the following DPT-related services as digital payment token service providers:

    • Buying or selling DPTs;
    Establishing or operating a DPT exchange; and
    • Participating in and offering financial services related to the offer and/or sale of a DPT by an issuer.
    • Transfer or transmittal of DPTs from one DPT address to another
    • Inducing (or attempting to induce) any person to buy or sell DPTs (without the DPT service provider actually accessing any money or DPTs)"

    Source: Sygna