We are pleased to announce the removal of XSGD Daily Holding and Annual Spending limits (previously 5,000 XSGD and 30,000 XSGD respectively) for all StraitsX Personal accounts. This comes in-lieu of our temporary exemption from holding a license under the Payment Services Act in Singapore.
Under this exemption, the StraitsX Singapore Dollar, XSGD, will be treated as a “Digital Payments Token” (DPT) as opposed to “e-money” previously. Users are advised to read our Terms of Service carefully for more information.
With this latest improvement, users can now get more utility out of their XSGD funds, taking advantage of the speed, scalability, and cost-efficiency offered by multiple chains such as Polygon, Ethereum, and Zilliqa.
Click here to find out ways you can utilise your XSGD with our ecosystem partners.