The Monetary Authority of Singapore (MAS) has released its final set of responses to feedback on its proposed regulations for Digital Payment Token (DPT) service providers in the country. These regulations aim to protect consumers by introducing measures to limit potential harm and ensure business conduct. The proposals also include requirements for DPT service providers to have minimum technology and cyber risk management capabilities. This move by MAS is part of its ongoing efforts to regulate the digital payment industry and promote consumer safety in Singapore.
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