MAS grants digital payment token service licences to four entities
Monetary Authority of Singapore issued Regulatory approval / DPT licence grants affecting Fomo Pay, TripleA, Independent Reserve, DBS Vickers on December 27, 2021.
- Primary
- Monetary Authority of Singapore
- Counterparty
- Fomo Pay, TripleA, Independent Reserve, DBS Vickers
- Structure
- Regulatory approval / DPT licence grants
- Date
- December 27, 2021
- Sub-sector
- Crypto / Digital Assets
MAS granted four digital payment token licences out of 170 applications, establishing regulatory clarity for crypto services in Singapore and enabling compliant expansion of crypto/blockchain offerings.
Source: phnompenhpost.com