Stay updated with breaking news from Payment Services Act. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SINGAPORE - To put a check on cryptocurrency speculation by retail investors, the Republic’s regulator is proposing a list of rules that will not only make it harder for users to start digital asset trading but also ensure industry players ring-fence this group’s investments. The proposed measures come on the back of a string of insolvencies of key crypto players...
This will apply to firms where the value of such stablecoins in circulation exceeds $5 million. Read more at straitstimes.com.
Blockchain.com has been approved by the central bank of Singapore to offer payment services in the country.
Singapore's central bank, the Monetary Authority of Singapore, began offering payment approval to cryptocurency firms last year.
About 15 crypto firms have received such permits since 2019