Page 3 - Payment Services Act News Today

The Monetary Authority of Singapore said that entities not fulfilling the requirements must cease activities once the amendments take effect.

The Monetary Authority of Singapore has announced amendments to the Payment Service Act to extend regulatory reach to DPT service providers.

Singapore’s Monetary Authority has introduced amendments to the Payment Services Act, signaling a widening regulatory framework. These changes, which will…

Singapore expanded the scope of its digital-asset rules to cover the custody of tokens as well as more firms involved in fund transfers, par...

SINGAPORE - A Singapore-registered firm is under investigation after allegedly failing to pay investors who have pumped money into its cryptocurrency investment schemes. Reports have been filed against InvesableAI with the Singapore police, and with the United States Federal Bureau of Investigation (FBI) and Securities and Exchange Commission (SEC). Incorporated in the Republic on June 19, 2023, InvesableAI is believed...

A Singapore-registered firm is under investigation after allegedly failing to pay investors who have pumped money into its cryptocurrency investment schemes.

The evolving landscape of cryptocurrency in Singapore showcases a balanced approach to innovation, regulation, and consumer engagement.

/PRNewswire/ -- Nium, the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds...

Nium, the leader in real-time cross-border payments, announced today that it is the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

In Japan, the response to the burgeoning stablecoin sector has been proactive and regulatory in nature. The nation has instituted a new regulatory framework…