Anyone can operate a Copernicus Gold account using their cellphone number as account number. The account is initially limited due to restriction imposed to Non-Relevant customers by the Monetary Authority of Singapore (MAS).
The Monetary Authority of Singapore (MAS) requires that Relevant customers are fully identified through a KYC (Know Your Customer) procedure and photographic identification. Once fully identified, the maximum balance amount becomes unlimited.
Maximum balance: SGD 250
Total top up: SGD 500 (monthly)
To Users: Not allowed
To Merchants: SGD 250 (monthly)
Collecting physical gold: SGD 250 (monthly)
Purchasing jewellery: SGD 250 (monthly)
Maximum balance: Unlimited
Total top up: Unlimited
To Users: SGD 50,000 (daily)
To Merchants: SGD 50,000 (daily)
Collecting physical gold: SGD 18,000 (daily)
Purchasing jewellery: SGD 18,000 (daily)
Gold stored in Singapore
Our logistic partner Brinks stores our gold bars in Le Freeport facilities in 32 Changi N Crescent, Singapore 499643