Singapore | Proposed new omnibus Act - impact on digital token service providers

MAS is seeking to introduce a new omnibus Act to, among other proposed provisions, incorporate a new regulatory framework for Singapore-based digital token service providers providing digital token services outside Singapore.

This update discusses the provisions in the proposed Act in relation to Singapore-based digital token service providers, which demonstrates MAS’ desire to better mitigate anti-money laundering and countering of financing of terrorism risks from such service providers providing digital token services outside Singapore.

Please click here to read more about the update.

Get in touch

Chua Tju Liang

Director / Head, Blockchain & Digital Assets
Read more