Policy Event Β· High impact

MAS Revokes Bsquared Technology MPI Licence Over DPT Control Failures

The Monetary Authority of Singapore revoked Bsquared Technology's Major Payment Institution licence after finding serious risk-management and conflict-of-interest control breaches. The action shows Singapore DPT licences remain conditional on continuing governance quality, not one-off approval.

High impactπŸ‡ΈπŸ‡¬ SingaporeLicensingEnforcementMASBsquared Technology

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around licensing, enforcement in Singapore. Named institutions or platforms: MAS, Bsquared Technology. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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