Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force

The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto […]The post Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force appeared first on Bitcoin News.