Showing 2492 Documents for "DPT"
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- MAS
- Monographs/Information Papers
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- This paper provides a technical overview to the concept of PBM, which enables money to be directed towards a specific purpose, without requiring money itself to be programmed. PBM features the use of a common protocol that is designed to work with different ledger technology and forms of money. With a standardised format, users will be able to access digital money using the wallet provider of their choice. Purpose Bound Money (PBM) Technical Whitepaper -------- Contents 1. Introduction .......
- MAS
- Speeches
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- of DPTs where the service provider does not come into possession of the moneys or DPTs involved. 10.
- Under the PS Act, MAS currently regulates service providers dealing in DPTs and facilitating the exchange of DPTs where the service provider comes into possession of moneys or DPTs. These are common business models of DPT service providers that operate in Singapore. 8.
- The scope of the PS Act will be expanded under this Bill, to confer on MAS powers to regulate service providers of DPTs that facilitate the use of DPTs for payments, and may not possess the moneys or DPTs involved.
- MAS
- Consultations
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- payment token under the PS Act.
- We believe DPT futures and options are a fundamental building block of an institutional grade asset class.
- payment tokens under the PS Act.
- MAS
- Speeches
Last revised date:
- The PS Act as currently drafted already regulates the service of dealing in DPTs and facilitating the exchange for DPTs where the DPT service provider comes into possession of moneys or DPTs.
- Nonetheless, MAS recognises that the DPT sector continues to evolve and the development of new DPTs, including stablecoins, could lead to user adoption of some DPTs gaining traction quickly.
- To align Singapore’s regime with the enhanced FATF standards applicable to DPT service providers, the Bill will expand the definition of DPT service in the PS Act to include the following services: (a) Transfer of DPTs; (b) Provision of custodian wallet services for DPTs; and (c) Facilitating
- MAS
- Notices
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- period 1 2 (a) Dealing in digital payment tokens (i) digital payment tokens were bought in exchange for money (ii) digital payment tokens were sold in exchange for money (iii) digital payment tokens were exchanged for other digital payment tokens
- (a) digital payment tokens were bought in exchange for money (b) digital payment tokens were sold in exchange for money (c) digital payment tokens were exchanged for another digital payment token 1 29 -------- Form 6B Digital Payment
- (b) Facilitating the exchange of digital payment (i) digital payment tokens were bought in exchange for money (ii) digital payment tokens were sold in exchange for money (iii) digital payment tokens were exchanged for other digital payment token tokens
- MAS
- Acts
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- Where the DTs are DPTs, such entities may be considered to be carrying on business of providing DPT service under the PS Act.
- On the scope of e-money and digital payment tokens (DPTs), and the issue of stablecoins, respondents should refer to the separate consultation paper MAS issued (https://www.mas.gov.sg/publications/consultations/2019/consultation-on-the- payment-services-act-2019---scope-of-e-money-and-digital-payment-tokens
- payment token.
- MAS
- Monographs/Information Papers
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- This report highlights one of the foundational principles of Project Guardian – the establishment of open and interoperable networks. A framework is introduced for understanding the design options to enable the trading of digital assets across networks and liquidity pools. This framework considers the core principles of financial market infrastructure and takes reference from projects that have sought to push the boundary on these topics. The report was jointly developed with subject matter experts
- MAS
- Parliamentary Replies
Last revised date:
- Assoc Prof Theseira is likely referring to DPTs rather than e-money. Firms that sell such DPTs must be licensed under the Act.
- The Act draws a distinction between e-money and digital payment tokens (“DPTs”), both of which can be used for payments. E-money is denominated in or pegged by the issuer to a national currency, whereas DPTs are not. A typical example of e-money is the value held in EZ-link cards.
- It is therefore important for members of the public to understand that by adopting DPTs as a form of payment, they are exposed to the risk of the DPTs losing their value. 5.
- MAS
- Consultations
Last revised date:
- payment tokens (DPT) on 23 December 2019.
- in December 2019, seeking views on whether the definitions of e-money and DPT remain appropriate in view of the emergence of stablecoins.
- under the PS Act today.
- MAS
- Media Releases
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- The Monetary Authority of Singapore (MAS) today announced new requirements for Digital Payment Token (DPT) service providers to safekeep customer assets under a statutory trust before the end of the year.
- Consumers must continue to exercise utmost caution when trading in DPTs as they may lose their assets.
- on the proposed regulatory measures for DPT services. public consultation on regulatory measures to enhance investor protection and market integrity in DPT services.