Express

Singapore Act Requiring Cryptocurrency Firms To Get Licensed Comes Into Effect

Roland James

Summary: The new Payment Services Act, which is meant to regulate the operations of Singapore’s cryptocurrency firms, comes into effect today. This act treats cryptocurrency payments and trading enterprises like traditional payment services and requires them to hold a license. Cryptocurrency payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures ...

The new Payment Services Act, which is meant to regulate the operations of Singapore’s cryptocurrency firms, comes into effect today.

This act treats cryptocurrency payments and trading enterprises like traditional payment services and requires them to hold a license. Cryptocurrency payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures Act and the Trust Companies Act.

By Roland James

Last Update:

Tags: ,,
Link: Singapore Act Requiring Cryptocurrency Firms To Get Licensed Comes Into Effect   [Copy]
Next:

Related Articles

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 11 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 26 days ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.