Transcription of Proposed Payment Services Bill - Monetary …
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Proposed Payment Services Bill - Monetary …
T CONSULTATION PAPER. P021 - 2017 . November 2017 . Proposed Payment Services bill Monetary Authority Of Singapore 1. CONSULTATION PAPER ON THE Proposed Payment Services bill . 21 November 2017 . Contents 1 Preface .. 3. 2 Introduction .. 6. 3 Activity-based Licensing 9. Activities Regulated under the Licensing Framework .. 9. E-Money and Virtual Currencies .. 15. Excluded 17. Significant Excluded Activity 1: Limited Purpose 18. Significant Excluded Activity 2: Limited Purpose Virtual Currency .. 20. Significant Excluded Activity 3: Regulated Financial Services .. 21. 4 Licensing and Designation Regimes.
CONSULTATION PAPER ON THE PROPOSED PAYMENT SERVICES BILL 21 November 2017 Monetary Authority of Singapore 6 2 Introduction 2.1 In August 2016, MAS articulated strategies to promote e-payments in Singapore
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