MAS Consults on the Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens

On 20 November 2019, the Monetary Authority of Singapore published a consultation paper on its proposed approach under the Securities and Futures Act (SFA) for derivative contracts that uses payment tokens as underlying assets (Payment Token Derivatives). It also seeks the view of the public on the proposed amendments to the SFA that will reflect the intended regulatory scope of Payment Token Derivatives.

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