MAS Revokes the Major Payment Institution Licence of Bsquared Technology Pte Ltd
Why this matters
MAS revoked the Major Payment Institution licence of Bsquared Technology for serious regulatory breaches including weak risk management, conflict of interest policy failures, outsourcing guideline non-compliance, and provision of false/misleading information. This is an enforcement action announcement with informational value for the regulatory community rather than requiring immediate action.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
MAS has revoked the Major Payment Institution Licence of Bsquared Technology Pte Ltd (BSQ) with effect from 14 May 2026. BSQ is no longer permitted to provide digital payment token services in Singapore under the Payment Services Act 2019 (PS Act) from the same date.
Published by MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 148 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Authorisation & Licensing, Operational Resilience / Outsourcing, AML / Financial Crime and Payments & E-Money.