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Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
The 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 […]
The post Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force appeared first on Bitcoin News.
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