Hits, misses as crypto finds way in Singapore
About 100 applicants have dropped out of the running so far, as they were unable to meet standards under the Payments act
Tag: Singapore
Singapore shows crypto commitment by rejecting most of the crypto license applicants
Regulatory bodies exist not only to protect consumers but also the country’s reputation by ensuring nefarious activities are not permitted within its borders.
China’s largest crypto exchange said to make Singapore its regional base for Asia
The move comes on the heels of China widening crackdown on cryptocurrency transactions in September, with Huobi stating that it would offload its Chinese users by the end of 2021.
Singapore wants to be leading player in global crypto economy: MAS chief Ravi Menon
Some 170 companies applied for a MAS licence, taking the total number of firms seeking to operate under its Payment Services Act to about 400, after the law came into effect in January last year