Singapore Tightens Crypto Rules with New Law on Licenses for Virtual Asset Firms

In a bid to enforce tightened rules for crypto businesses, Singapore’s unicameral parliament has passed a law that will oblige virtual asset service providers (VASPs) to apply for licenses. The latest development extends the country’s regulations on anti-money laundering and countering the financing of terrorism, Bloomberg reported. Among others, the passed Financial Services and Markets Bill:...Read More: Singapore Tightens Crypto Rules with New Law on Licenses for Virtual Asset Firms