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Singapore’s Monetary Authority has introduced amendments to the Payment Services Act, signaling a widening regulatory framework. These changes, which will take effect in phases from April 4, mark a significant shift in the landscape for companies operating in the crypto sector.
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Singapore’s financial regulator has released an expansion to its crypto framework.
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Singapore’s meticulously crafted reputation as a bastion of financial stability is taking a fascinating turn. The island nation, long known for its conservative approach, is emerging as a surprising champion for regulated cryptocurrency activity.
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HashKey, the operator of one of Hong Kong’s licensed crypto exchanges, secured an in-principle approval from Singapore’s leading financial regulator, the Monetary Authority of Singapore (MAS), for a Major Payment Institution (MPI) license via its over-the-counter trading arm, Hashkey OTC, according
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Singaporean authorities have recently issued a joint advisory through the Singapore Police Force (SPF) and the Cyber Security Agency of Singapore (CSA), cautioning crypto traders about the escalating menace of digital asset wallet drainers.
In their Jan.