ImToken Wallet Modification Notice Due to Monetary Authority of Singapore MAS Payment Services Amment Act

Updated on: May 3rd, 2024

Mission and Position at ImToken

At ImToken, our overarching mission is to empower everyone with equal access to the digital world by providing a robust, user-frily interface that facilitates seamless interactions within decentralized wallets and blockchn technology. We are dedicated to pioneering software development in this sector, offering proprietary secure key solutions for users to manage their transactions indepently while also enabling unrestricted access across both Web 2.0 and Web 3.0 platforms.

Navigating Regulatory Frameworks

Understanding the importance of adhering to regulatory guidelines is paramount for our operations. ImToken operates with a proactive self-regulatory approach, ensuring rigorous internal controls and compliance measures are in place even when explicit regulatory directives are not provided by authorities like the Monetary Authority of Singapore MAS.

Immediate Product Update

Effective from April 29th, 2024, we will limit access to the token swap feature under the 'market' tab within our ImToken App for users based in Singapore determined through IP address. This limitation ms at complying with current regulatory guidelines while ensuring that all other secure key solutions and features provided by the ImToken wallet remn avlable for use.

Your Continuous Support

We acknowledge your understanding and unwavering support during this time of change. Should you have any questions, concerns, or require assistance regarding this modification, please do not hesitate to contact our customer support team.

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: As of the current state, ImToken does not offer any regulated services in jurisdictions governed by the Monetary Authority of Singapore under the Payment Services Act 2019 or any similar acts worldwide. It provides software development and secure key solutions for decentralized wallets and blockchn technology without operating as a licensed financial service provider.

This article is reproduced from: https://support.token.im/hc/en-us/articles/31817307422233-imToken-wallet-product-modification-announcement-due-to-Monetary-Authority-of-Singapore-MAS-Payment-Services-Amendment-Act-PSAA

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