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MAS Clarifies Regulations for Digital Token Service Providers in Singapore

On June 6, the Monetary Authority of Singapore (MAS) provided clarifications to improve understanding of its regulatory framework applicable to Digital Token Service Providers (DTSPs) as outlined under the Financial Services and Markets Act 2022. This followed MAS's response on May 30 to feedback concerning the proposed regulations.
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AI Analysis

The Monetary Authority of Singapore (MAS) is taking active steps to clarify its regulatory approach towards Digital Token Service Providers (DTSPs). The issuance of these clarifications indicates an e...

AI Recommendation

Given the MAS's move to clarify its regulatory stance on DTSPs, it is advisable for companies in the digital token space to review the new guidance thoroughly to ensure full compliance. Investors shou...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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