Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force

Singapore Introduces Licensing for Crypto Platforms, New Payment Services Act Now in ForceThe Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto […]

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