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Singapore Imposes New Rules for Digital Payment Token Services

Started by Bitcoin, Apr 03, 2024, 05:41 am

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Singapore Imposes New Rules for Digital Payment Token Services

Singapore Imposes New Rules for Digital Payment Token ServicesSingapore’s central bank, the Monetary Authority of Singapore (MAS), has announced amendments to the Payment Services Act to impose additional requirements on digital payment token service providers and broaden the scope of regulated services. The central bank warned that entities that do not fulfill the requirements must cease the activities when the amendments come into […]

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