StraitsX (XFERS PTE. LTD.) is the issuer of the StraitsX Singapore Dollar, XSGD, which is characterized as a "digital payment token" under the Payment Services Act 2019. XFERS PTE. LTD. is temporarily exempted from being licensed for its provision of account issuance services, merchant acquisition services, domestic money transfer services, inward cross-border money transfer services and digital payment token services. Users are advised to read our terms and conditions carefully.