Regulations for custodian wallets

What business conduct requirements does my custodian wallet service need to comply with?


  • A business that conducts any of the other regulated activities under DPT service provider have to comply with AML/CFT measures.


    According to MAS (FAQs)
    last revised on 13 April 2020

    Where DPT service providers also facilitate the transfer of DPT or provide custodian wallet services as part of their business, MAS intends to require that they apply AML/CFT measures to mitigate the risks posed by such services.