Singapore MAS Issues Three Major Digital Payment Token Licences
The licences come with conditions covering custody segregation and outsourcing oversight.
The Monetary Authority of Singapore on Thursday granted full Digital Payment Token licences to three previously exempt operators, bringing the total number of fully licensed firms in the city-state to 24.\n\nThe approvals come with detailed conditions covering custody segregation, outsourcing oversight, and customer-asset reporting. MAS said remaining exemption-holders should expect decisions within the coming quarters and reiterated that exemptions are not a long-term operating status.
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