MAS has released a new consultation paper for Digital Token Service Providers (DTSPs) on 4th October, in order to elucidate and give more structure to the regulatory approach for DTSPs. This is a follow-up of the newly passed regulation, Financial Services Market Act, on 28th April 2023.

​In particular, MAS has specified licensing and ongoing requirements for DTSPs, especially for entities that are operating from a place of business in Singapore but carry on a business of providing DT services outside Singapore, as well as specific financial requirements and establishing controls to effectively manage and mitigate identified risks, including those related to customer due diligence (CDD), transaction monitoring, screening, suspicious transaction reporting, and record keeping.

​The event aims to provide a comprehensive analysis of the latest regulations and notices for Digital Token Service Providers updates for the digital assets industry in Singapore. 

We will discuss:

1. The key aspects of the new updates and how they affect the current landscape for digital asset businesses.

2. The specific changes that business owners need to be aware of and implement.

3. The potential regulatory developments and trends that may occur in the next 2-3 years.