The Monetary Authority of Singapore (MAS) is expanding its oversight with amendments to the Payment Services Act (PSA), now regulating more digital payment services including DPT custodial services and cross-border money transfers.

@Lily_Z_King, COO of Cobo, says this announcement comes at a pivotal time, “especially considering the recent call for legislation regarding crypto custody in Hong Kong by legislative council member Duncan Chiu earlier this week.”

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#Singapore #Crypto #CryptoRegulation #DigitalPayments