Payment Services Act Implementation

The Payment Services Act 2019 have come into force on 28 January 2020, which repeals the Money-changing and Remittance Business Act and the Payment Systems (Oversight) Act, in order to reflect the evolution of the payment space in Singapore.

MAS will be conducting regulatory and licensing briefings to the industry, to facilitate a smooth transition for all players to the new framework. Singapore Blockchain Association is pleased to co-host these briefing sessions, together with other industry associations Singapore Fintech Association (SFA) and ACCESS.

There will be upcoming announcements on the upcoming events events.

Source: https://lnkd.in/g2ZTrSS