UTC-05:00,Saturday , March 28th 2020

Singapore Released List Of Entities Licensed To Provide Digital Payment Token Services

00:19 Friday , March 27th 2020
The Monetary Authority of Singapore has released a list of entities that have been granted an exemption from holding a license under the Payment Services Act ("PS Act") for the specific payment services for a specified period, including digital payment token services, inward cross-border money transfer services, account issuance services, etc.
OKCoin, BitStamp, Coinbase, Binance, CoinCola, TenX, UPbit and ZB are among the nearly 200 companies with a license to offer digital payment token services.
Entities that provide a combination of payment services involving digital payment token services should submit one application for all their payment services by July 28, 2020, per the official announcement.
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