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Cryptocurrency Providers In Singapore Will Now Face Regulation Under MAS

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Singapore Book of Crypto code of conduct lightning blue

Singapore Book of Crypto code of conduct lightning blueThe enhanced Payment Services Act passed yesterday requires any entity that facilitates the transmission, exchange, or storage of digital payment tokens (DPT) — otherwise known as cryptocurrencies — to be licensed. Such virtual payment providers will be subject to expanded rules and regulations imposed by the Monetary Authority of Singapore (MAS), as the Transport Minister

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