Singapore Payment Services Act 2019
Digital payment token service providers (s 21A) – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 S21A-3: Observe prescribed DPT limits, exchange and business-use restrictions and public-interest requirements

A DPT licensee must respect any prescribed limits on tokens held in or transferred from a DPT account or held or transferred by the licensee, rules on exchanging tokens for Singapore currency, and restrictions on using customer money or tokens for its own business, plus any further requirements MAS prescribes in the interest of the public, financial stability or monetary policy.

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