Operating or listing on a crypto exchange
What do DPT service providers that carry on a business of dealing in DPTs need to do before offering tokens for sale on DPT exchanges?
As a brief overview:
- DPT service providers should assess each token that they intend to offer to determine the nature of the token under MAS' regulatory framework (e.g. security token or payment token);
- DPT service licensees must identify and assess the ML/TF that may arise in relation to the development of new products, and must undertake the risk assessments prior to the llaunch of such new products;
- DPT service licensees must also take appropriate measures to manage and mitigate risks, as well as pay special attention to new products that favour anonymity.