www.digifinex.sg ,a platform that is owned by DigiFinex Pte. Ltd. has filed a notification to the Monetary Authority of Singapore that it has commenced the business of providing digital payment token service and has been exempted from sections 5(1) and 6(4) and (5) of the Payment Services Act to apply for and hold a licence with respect to the business of providing digital payment token service for a period of 6 month starting 28th January 2020.