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Hong Kong's push to be seen as a major crypto hub could come under scrutiny if several or some of the 18 applicants for a license don't move past this important deadline.
Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.
Singapore's MAS tightens regulations on the crypto sector, expanding oversight to cover digital payment tokens and strengthening user protection.
The total volume of global illicit cryptocurrency transactions declined last year, but crime-related funds had an increasing preference for Chinese crypto mogul Justin Sun’s Tron blockchain, a new report says.
Scams and fraud made up about a third of all cryptocurrency crimes. Read more at straitstimes.com.