Payment Services Act

Definition ∞ The Payment Services Act refers to legislation enacted to regulate providers of payment services, including those dealing with electronic money and digital payment tokens. This act typically establishes comprehensive licensing requirements, operational standards, and consumer protection measures for entities offering such services. Its objective is to foster a secure, efficient, and reliable payment ecosystem. Compliance is mandatory.
Context ∞ The Payment Services Act in various jurisdictions, such as Singapore, provides a robust regulatory framework for digital asset businesses operating as payment service providers. Adherence to such acts is a major focus for firms seeking to offer regulated cryptocurrency payment solutions. This legislation shapes the digital payments landscape.

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→Payment Services Act

→Custody Requirements

→Regulatory Clarity

MAS Mandates Segregated Customer Assets and High Liquidity for DPT Firms

Singapore’s new DPT rules mandate systemic operational changes, requiring licensed firms to implement full asset segregation and high-reserve liquidity controls.

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→Systemic Risk

→Retail Market Impact

→Compliance

Japan FSA Reclassifies Digital Assets under Financial Instruments Exchange Act

The FSA's FIEA reclassification imposes rigorous securities-like disclosure and conduct standards, fundamentally altering the compliance architecture for all Japanese digital asset market participants.

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→VASP Licensing

→Regulatory Arbitrage

→Anti-Money Laundering

Singapore Regulator Mandates Licensing for Offshore Digital Asset Service Providers

The MAS finalized its DTSP regime, eliminating regulatory arbitrage by requiring licensing for entities serving foreign clients from a Singapore base by June 2025.

Payment Services Act

MAS Mandates Segregated Customer Assets and High Liquidity for DPT Firms

Japan FSA Reclassifies Digital Assets under Financial Instruments Exchange Act

Singapore Regulator Mandates Licensing for Offshore Digital Asset Service Providers

Incrypthos

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