Clause 7

by deleting sub‑paragraphs (k) and (l) of paragraph 2 and substituting the following sub‑paragraphs:“(k)any digital payment token service that is provided, in respect of any central bank digital payment token, by any central bank or financial institution;

any digital payment token service that is provided in respect of any limited purpose digital payment token.”;

by deleting the word “either” in the definition of “cross‑border money transfer service” in paragraph 3 and substituting the word “any”;

by inserting, immediately after paragraph (b) of the definition of “cross‑border money transfer service” in paragraph 3, the following paragraph:“(c)any service of arranging for the transmission of money from any country or territory to another country or territory, whether as principal or agent (other than any such service that the Authority may prescribe);”;

by inserting, immediately after the definition of “digital payment token exchange” in paragraph 3, the following definition:“ “digital payment token instrument” means any password, code, cipher, cryptogram, private cryptographic key or other instrument that enables a person —

to control access to one or more digital payment tokens; or

to execute a transaction involving one or more digital payment tokens;”;

by inserting, immediately after paragraph (b) of the definition of “digital payment token service” in paragraph 3, the following paragraphs:“(c)any service of accepting (whether as principal or agent) digital payment tokens from one digital payment token account (whether in Singapore or elsewhere), for the purposes of transmitting, or arranging for the transmission of, the digital payment tokens to another digital payment token account (whether in Singapore or elsewhere);

any service of arranging (whether as principal or agent) for the transmission of digital payment tokens from one digital payment token account (whether in Singapore or elsewhere) to another digital payment token account (whether in Singapore or elsewhere);

any service of inducing or attempting to induce any person to enter into or to offer to enter into any agreement for or with a view to buying or selling any digital payment token in exchange for any money or any other digital payment token (whether of the same or a different type);

any service of safeguarding a digital payment token, where the service provider has control over the digital payment token;

any service of carrying out for a customer an instruction relating to a digital payment token, where the service provider has control over the digital payment token;

any service of safeguarding a digital payment token instrument, where the service provider has control over one or more digital payment tokens associated with the digital payment token instrument;

any service of carrying out for a customer an instruction relating to one or more digital payment tokens associated with a digital payment token instrument, where the service provider has control over the digital payment token instrument;”;

by deleting the words “, in any case where neither the payer nor the payee is a financial institution” in the definition of “domestic money transfer service” in paragraph 3 and substituting the words “(except in the case where both the payer and the payee are financial institutions)”;

by deleting the word “and” at the end of paragraph 4(a)(iv); and

by deleting the full‑stop at the end of sub‑paragraph (b) of paragraph 4 and substituting the word “; and”, and by inserting immediately thereafter the following sub‑paragraph:“(c)a person has control over a digital payment token whether the person has control over the digital payment token solely or jointly with one or more other persons.”.