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E-wallet, crypto players show support for Payment Services Bill

Players largely welcomed the new rules on cryptocurrency activities, e-money issuance and money transfers

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Published Mon, Nov 19, 2018 · 09:50 PM

    Singapore

    E-WALLET and cryptocurrency players welcomed - with some degree of reservation - the new regulatory framework for payment services that was unveiled on Monday.

    The framework, which will expressly regulate cryptocurrency players for the first time, and place e-wallet players under tighter supervision, was tabled for a first reading in Parliament as part of the Payment Services Bill.

    StartupsE-paymentsMonetary Authority of Singapore

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