![](https://i.imgur.com/CLvY2jA.png")
23-08-2021, 09:01 AM
ANGELA TENG
Published 3 days ago
The PSA is a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore. This means that the act is still an active work in progress and being debated in the Parliament, along with inputs from industry players.
Prior to the PSA, cryptocurrency players were unsure whether it was legal for them to offer their services in Singapore. With the PSA, this provides regulatory certainty and consumer safeguards, without stifling the innovation and growth of the payment services and FinTech industries.
Rest of the article with diagram here:
https://vulcanpost.com/757395/payment-se...singapore/
Published 3 days ago
The PSA is a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore. This means that the act is still an active work in progress and being debated in the Parliament, along with inputs from industry players.
Prior to the PSA, cryptocurrency players were unsure whether it was legal for them to offer their services in Singapore. With the PSA, this provides regulatory certainty and consumer safeguards, without stifling the innovation and growth of the payment services and FinTech industries.
Rest of the article with diagram here:
https://vulcanpost.com/757395/payment-se...singapore/
