MAS: Finalised the new regulatory framework for payment services in Singapore

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MAS: Finalised the new regulatory framework for payment services in Singapore

  • MAS launched a second consultation on its proposed regulatory framework
  • Singapore Exchange (SGX) to develop delivery versus payment (DvP) capabilities for the settlement of tokenised assets across different blockchain platforms
  • Designation regime that enables MAS to regulate systemically important payment systems
  • Licensing regime that focuses on retail payment services provided to customers and merchants
  • Revealed it is launching a $5 billion private market programme to boost the region’s private equity and venture capital scene