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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.