Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2020-01-28 06:00:04

Singapore’s Payment Services Act enters into force

Starting 30th January 2020 the Monetary Authority of Singapore (MAS) will enforce the Payment Services Act with an aim to incentivize cryptocurrency-related growth in the region, stated the official media release on Tuesday. The crypto-friendly initiative called the Payment Services Act was initiated to encourage crypto enterprises to lawfully conduct operations in the country by applying for a license and even get an opportunity to expand their businesses. The move is said to bring Singapore at par with other crypto-favoring countries like Japan, which has already approved over twenty-two licenses since 2017. Payment Services Act to spearhead crypto growth in

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer