User protection requirements for DPT services

Are investors of DPTs protected under the Payment Services Act?

At the moment, MAS does not intend to provide any regulatory safeguards for investments in DPTs, the safety and soundness of DPT service providers or the proper processing of DPT transactions. Providers of DPT services are regulated primarily for ML/TF risks.

MAS has issued advisories to warn members of the public of the risks of investing in DPT and may require providers of DPT services to make specified disclosures on the risks of such investments to their customers.