Reddit Posts
Crypto.com Receives Authorisation as an Electronic Money Institution from the United Kingdom’s Financial Conduct Authority
What do you think are some specific regulatory measures that can benefit retail investors like us?
Important Message to all Hodlnaut Users - halting withdrawals, token swaps and deposits with immediate effect
Hodlnaut halting withdrawals, token swaps and deposits with immediate effect.
Best DPT Therapist clinic Woodhaven, Queens New York.
Singapore shuts down all crypto ATMs
Singapore tells Crypto firms not to advertise to public
Mentions
Here’s an example of what’s required in my country: *Beginning on August 10, 2023, you will be asked to provide the legal name and country of residence for the owner of any wallet that sends DPT transfers to your Gemini wallet.*
Yes Gemini is infuriating. I just received this message from it last week: * Beginning on August 10, 2023, you will be asked to provide the legal name and country of residence for the owner of any wallet that sends DPT transfers to your Gemini wallet.*
Friend in asia received this: We are writing to inform you of new requirements that will impact the way you receive Digital Payment Token (DPT) transfers to your Gemini account from non-Gemini wallets. How will the crypto deposit process change? Beginning on August 10, 2023, you will be asked to provide the legal name and country of residence for the owner of any wallet that sends DPT transfers to your Gemini wallet. Upon logging in to your Gemini account, you will be prompted to provide this information each time you receive a DPT transfer, and you will not be permitted to make withdrawals from your Gemini account until you have provided the relevant information. Any thoughts ?
Gemini is available in Singapore and boy is it a stickler for rules. Just received an email from them about how we have to provide the legal name and country of residence for the owner of any wallet that sends DPT transfers to your Gemini wallet. Haha
tldr; The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to protect customer assets and prevent loss or misuse. The new measures include the safekeeping of customer assets under a statutory trust and restrictions on lending and staking of DPT tokens by retail customers. MAS is seeking public feedback on the draft legislative amendments and will publish guidelines to support implementation by the industry. MAS will also address unfair trading practices and market integrity risks in separate consultations. However, consumers are reminded that regulations alone cannot protect them from all losses, and they should exercise caution when trading in DPTs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
DPT services including cross border transfers and emoney issuance is so important.
tldr; Crypto.com has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS), after having obtained in-principle approval in the city state last June. The MAS is known for setting a high bar for approving companies in the crypto industry and has pledged to be "brutal and unrelentingly hard" on bad behavior. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Meanwhile, DPT-licensed providers in Singapore are not subjected to any risk-based capital or liquidity requirements. They are only regulated to prevent money laundering and terrorism financing.
More for CEXs and centralised lending firms: - Segregation arrangements for customers’ assets, in the event the crypto firm becomes insolvent. - Customers should be properly informed of the arrangements and risks involved in having their assets held by the crypto firm. - Crypto firm should provide customers with a statement of account, comprising information on the customer’s assets and transactions, minimally on a monthly basis. - Crypto firm should establish a compensation process to handle any loss of such customers’ tokens, arising from incidents that is attributable to the operations of the crypto firm. - Crypto firm should declare the underlying revenue sources for their advertised 'staking' yields. - Crypto firm should not hypothecate the retail customer’s tokens. - Crypto firm may not invest in new token projects listed on their trading platform - Crypto firm that executes orders to purchase and sells tokens on behalf of their customers should not misuse any information relating to customers’ orders, and should prevent the misuse of such information by employees. - Trading platform operators should not buy or sell tokens for their own account; and permit their related corporations to buy or sell tokens for their own account on the crypto trading platform. - Crypto firm should disclose their token listing and governance policies. The disclosures should be sufficiently clear to allow customers to make informed decisions about the tokens offered. - Crypto firm should appoint a member of senior management, or committee of members, who are not directly involved in the provision of token services to oversee complaints handling. The complaints handling unit should not be directly involved in the provision of token services too. - Information on its complaints handling process should be made publicly available; while establishing a system to record, track and manage complaints too. - Token service provider to ensure that the maximum unscheduled downtime for critical systems does not exceed a total of 4 hours within any period of 12 months. - Token service provider should IT controls to protect customer information from unauthorised access or disclosure. - Token service provider and crypto firm should not engage in the following practices: (a) wash trading, which is the buying and selling DPTs with no change in beneficial ownership, to create a false or misleading appearance of active trading. This may be carried out through the creation of “ghost accounts” or other deceptive means, which seek to inflate trading volumes to give the appearance of rising popularity; (b) pump-and-dump, which is to induce an increase in the price of a DPT (“pump”) through the dissemination of false or misleading information, such as deceitful marketing and promotional ploys, before selling off their own holdings of the DPT (“dump”), ahead of other participants who would have been misled into buying the DPT; (c) cornering, which is to use a dominant controlling position in a token to influence the price of the token and profit from that activity; (d) trade spoofing, which is to place orders with the intention of cancelling them prior to being fulfilled, often by deploying trading bots and algorithms, to push the market price in a particular direction. These orders give the market a false sense of supply or demand; and (e) insider trading, which refers to the buying or selling DPTs while possessing material non-public information, such as an upcoming announcement of a listing decision. . --- . Basically these are taken from Singapore's MAS consultation paper in engagement with stakeholders: https://www.mas.gov.sg/publications/consultations/2022/consultation-paper-on-proposed-regulatory-measures-for-digital-payment-token-services
Binance and FTX do not have license in Singapore (they supposedly pulled out) whereas Coinbase has an in-principle approval. Wonder if there's any relation to Section 4.15 on "conflict of interest". >(a) A DPTSP has a financial interest in DPTs which are listed on a trading platform that it operates39. While DPT trading platform operators should independently evaluate prospective DPTs for listing on their trading platform, they, or their related entities, may also invest in new token projects that could then be listed on the trading platform; >(b) A DPTSP transacts as principal on a trading platform it operates. While DPTSPs that handle and execute customer orders should do so in the customers’ best interests, they could be incentivised to exploit the information relating to customer orders to make a trading profit for themselves (commonly known as “front-running”); and >(c) A DPTSP conducts market making activities for DPTs listed on its trading platform. While DPT trading platform operators should ensure that trading on their DPT trading platform is fair, orderly and transparent, they could be incentivised to trade anonymously on their DPT trading platform against customers and give an artificial impression of market liquidity, while not being subject to any independent oversight of such trading activities on their own trading platform.
tldr; Coinbase joins Crypto.com and DBS Vickers as major institutions with a Digital Payment Token (DPT) license from the Monetary Authority of Singapore. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Crypto trading platform Crypto.com has received a license approval from the Monetary Authority of Singapore. This license is called the Major Payment Institution License which is construed as a key financial license that falls under Payment Services Act that will help receivers to operate Digital Payment Token (DPT) services. Singapore’s Monetary Authority has stated that this particular license is difficult to obtain and is strict because Singapore wants to be a “responsible global crypto hub *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Crypto.com announced that The Monetary Authority of Singapore (MAS) has given its Major Payment Institution License preliminary approval to Crypto.com. The license will allow the exchange platform to provide users in Singapore with different kinds of payment operations under the Payment Services Act, including services for Digital Payment Tokens (DPT). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'm only waiting for LINK and DPT to be crushed so I can buy for the real cheap
Nah, you can file a police report for anything in Singapore (I live here). You can do it online. You can file a police report if you lost your umbrella at the bus stop and it wasn't there when you went back i.e. someone stole it. You can file a police report because your neighbour is too noisy at night. Doesn't mean that anything will be done. If you read this about Monetary Authority of Singapore's guidelines to crypto advertising, the attitude is basically caveat emptor. [https://www.mas.gov.sg/news/media-releases/2022/mas-issues-guidelines-to-discourage-cryptocurrency-trading-by-general-public](https://www.mas.gov.sg/news/media-releases/2022/mas-issues-guidelines-to-discourage-cryptocurrency-trading-by-general-public) So for example, Hodlnaut which is HQed in Singapore and committed to compliance with MAS is required to put on its website the following disclaimer: >The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a Digital Payment Token (DPT) service provider. Before you pay your DPT service provider any money or DPT, you should be aware of the following. 1. Please note that you may not be able to recover all the DPTs you paid to your DPT service provider if the Company's business fails. 2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider. 3. You should be aware that the value of DPTs may fluctuate greatly. **You should transact DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.** 4. You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as "stablecoins" Bolding mine.
tldr; Daenerys & Co, the biggest crypto ATM operator in Singapore, has shut down all of its crypto ATMs to comply with the Monetary Authority of Singapore’s (MAS) new guidelines announced on Monday. The ATMs enable users to trade digital payment tokens (DPT) like Bitcoin and Ether with government-issued currency. MAS said such convenient access may mislead the public to trade “on impulse”. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Daenerys & Co. and Deodi Pte, local crypto ATM operators, said they were caught by surprise by MAS’ guidelines, which have asked service providers not to promote their DPT services to the general public in Singapore. MAS wrote in a media release that it “has consistently warned that trading DPTs is highly risky” *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Post is by: Flimsy_Card8028 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s8f2jx/singapore_shuts_down_all_crypto_atms/ [https://ca.movies.yahoo.com/singapore-shuts-down-crypto-atms-215659661.html](https://ca.movies.yahoo.com/singapore-shuts-down-crypto-atms-215659661.html) ​ >The Monetary Authority of Singapore has shut down all cryptocurrency ATMs in the city-state following its recent guidelines on avoiding advertising crypto services to the public. > >“To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said Daenerys & Co, the biggest Singaporean crypto ATM operator. > >Another operator, Deodi Pte, announced it had also shut down its sole ATM in compliance with the guidelines. > >The MAS issued “Guidelines to Discourage Cryptocurrency Trading by \[the\] General Public” on Monday. > >In its[ guidelines](https://coinrivet.com/singapores-finance-regulator-tells-crypto-firms-not-to-promote-services/), the central bank said it had “observed that some DPT service providers have been actively promoting their services through online and physical advertisements or through the provision of physical automated teller machines (ATM) in public areas.” > >Singapore is not the only country cracking down on cryptocurrency advertising. > >Earlier this week, the British government [announced](https://coinrivet.com/uk-to-clamp-down-on-cryptocurrency-advertising/) that it was tightening rules on crypto advertisements to ensure that they are clear and not misleading. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
"This could encourage consumers to trade DPTs on impulse, without fully understanding the attendant risks," the authority said, adding that DPT is "Digital Payment Token (DPT or more commonly known as cryptocurrency)." ​ Oh wow, I want to trade Bitcoin, might as well rush to the nearest Bitcoin ATM \-Said fucking no one.
Singapore’s financial regulator told companies in the cryptocurrency industry to refrain from advertising their services to the public, in line with the city-state’s desire to curb retail speculation in volatile digital assets. Service providers should only market their activities on their own websites, mobile applications, or official social media accounts, the Monetary Authority of Singapore said Monday in a statement. The guideline will cover a broad array of businesses, from banks to payment service providers and crypto exchanges. “MAS has observed that some DPT service providers have been actively promoting their services through online and physical advertisements or through the provision of physical automated teller machines in public areas,” the regulator said, referring to what it calls digital payment tokens, its preferred terminology for cryptocurrencies. That could fuel speculation among traders who don’t fully grasp the risks, the MAS said. In embracing crypto, Singapore is trying to balance the benefits of financial innovation with the risks stemming from retail traders investing in tokens prone to wild price swings. Some billboards advertising digital-asset exchanges in the city-state last year have since been taken down.
tldr; The Monetary Authority of Singapore (MAS) has issued guidelines restricting cryptocurrency trading service providers from promoting their services to the general public. MAS asserts that companies should not engage in marketing or advertising of DPT services in public areas in Singapore or through third parties, such as social media influencers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Singapore's Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. The new guidelines clarify the expectations of MAS that companies should not engage in marketing or advertising of DPT services in public areas in Singapore or through the engagement of third parties, such as social media influencers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Singapore's Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. The new guidelines clarify the expectations of MAS that companies should not engage in marketing or advertising of DPT services in public areas in Singapore or through the engagement of third parties, such as social media influencers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Singapore's Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. The new guidelines clarify the expectations of MAS that companies should not engage in marketing or advertising of DPT services in public areas in Singapore or through the engagement of third parties, such as social media influencers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Binance Asia Services Pte has announced it will withdraw its licensing efforts in Singapore and wind down its digital payment token (DPT) services by February 2022. The move is due to Binance’s investment in Singaporean exchange HGX, in which Binance took an 18% stake last week. Binance is shifting its focus to a MAS-regulated exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Binance Singapore has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Binance Singapore users are currently allowed to buy and sell crypto using their existing assets until January 12, 2022. By February 13, 2022, Binance plans to "wind down" all services that relate to dealing with cryptocurrency tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
My wife is a DPT specializing in massage, and an olympic Biathlete, Should I invest in BTC? 🤣
He sold his DPT for ATOM becuase it was a lower market cap
Amongst the top losers the past 24 hours is a coin named - DogePepsi (DPT) *DogePepsi…*
Dogepepsi (DPT) is apparently a thing
*The Monetary Authority of Singapore (MAS) issued a digital payment token license to local fintech company FOMO Pay, according to a Wednesday press release.* *FOMO Pay can now provide payments services using digital currencies, including CBDCs and crypto tokens, the statement said.* *While this is the first full issuance of such a license, in August, MAS granted a “in principle” approval to Australian crypto exchange Independent Reserve for a DPT license. “Several” other digital payments providers will soon receive their licenses, the South China Morning Post reported.* *MAS also issued a domestic money transfer and a merchant acquisition license to FOMO Pay.* *Following the 2019 Payment Services Act, Singapore is seen as a beacon of favorable crypto regulation, whilst countries like China and the U.S. are clamping down on the industry.*
"The Singaporean authorities have been making pro-crypto moves throughout 2021. The MAS recently gave an “in-principle approval” to the Australian crypto exchange Independent Reserve, allowing the firm to operate as a regulated provider for Digital Payment Token (‘DPT’) Services."
Hey, not crypto related, but regarding your physical therapy: it might be worth going out of your insurance network to see what kind of relief you can get from your pain. A lot of in-network clinics insist on three visits a week, and the time spent there is typically passive: hot and cold treatments, a little soft tissue massage, going through your home exercises. Out of network care tends to be more focused and results-driven, and gives you more one on one time with a DPT, not a PTA. I work at a clinic that’s cash based and I can’t tell you how many patients I talk to that have been getting subpar PT in network for months, and the next suggestion from their physician is “well, that didn’t work. Guess you need surgery.” It’s a crappy situation to be in regardless, and I’m very sorry. Don’t hesitate to reach out if there’s anything I can do to help.
Imagine a blockchain where everyone sent their freshly hashed Blocks through USPS. That would have a rate of DPT (days per transaction) instead of TPS (transactions per second)
January 3: "Maybe just invest into some low ranked crap! Like, not even in the top 1k!" Let's buy 1001-1010 (or close, cause I am gonna ignore stock mirrors!). Why not $10 each. (cause I can go back in history like that) Using CMC snapshot data. Profit/loss doesn't include initial $10/$100 Name| Rank Jan 3rd| Rank Apr 30th| Profit! (or losses) |-|-|-|- CPX|1012|untracked|-$10 ETHM|1002|1578|-$3.12 N8V|1009|1384|+$2.36 REM|1004|1347|+$4.84 DPT|1005|3953|+$7.37 GIO|1010|1265|+$9.56 ONION|1006|1077|+$28.49 BOLT|1011|1023|+$35.17 NIX|1007|949|+$44.99 ANY|1003|480|+$237.20 Total|||+$365.86(3650% profit!)