Overview of Singapore's Payment Services Act

Singapore's new Payment Services Act consolidates current regulatory frameworks for payments into a unified, expanded framework intended to align the payments ecosystem with the country's Smart Nation vision. The Act focuses on retail payment activities by service providers that deal directly with consumers or merchants. The Act implements an activity-based, risk-calibrated approach to regulation and a consolidated, enhanced licensing scheme.

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Singapore International Commercial Court Decides First Case Involving Digital Tokens

The Singapore International Commercial Court has decided the nation's first case featuring digital tokens. In B2C2 Ltd v Quoine Pte Ltd, the SICC found that Quoine, a Singapore-based digital token exchange operator, committed breach of contract and breach of trust when it reversed seven trades worth about S$16.5 million that were executed under unusual circumstances by B2C2, an algorithmic trader.

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Singapore Variable Capital Companies - A New Corporate Structure for Collective Investment Schemes

Singapore's Variable Capital Companies Act became law in October 2018. A variable capital company consists of one or more collective investment schemes. The Act is intended to provide fund managers with an entity type that will be an attractive alternative to the current choices of unit trusts, limited partnerships and traditional companies. The Act will become effective on a future date yet to be specified.

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MAS Revises Its Guide to Digital Token Offerings in Singapore

The Monetary Authority of Singapore published an updated version of A Guide to Digital Token Offerings. The Guide provides general guidance on the application of the securities laws to offers or issues of digital tokens in Singapore, discusses the potential application of the new Payment Services Act to certain digital tokens and related activities and offers a significantly expanded discussion of anti-money laundering requirements as they apply to digital token offerings.

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OrionW Ranked in Legal 500 Asia Pacific 2019 - TMT Category

OrionW, a Singapore-based boutique law firm, has been ranked as one of the leading firms in The Legal 500 Asia Pacific 2019 Edition in the Technology, Media and Telecommunications (TMT) category. The firm received similar recognition from The Legal 500 in the 2017 and 2018 Editions.

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