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Singapore Act to License Cryptocurrency Firms Comes Into Effect

Published 01/28/2020, 05:01 AM
Updated 01/28/2020, 06:42 AM
Singapore Act to License Cryptocurrency Firms Comes Into Effect

Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28.

The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license.

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