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