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Singapore cryptocurrency regulation

Singapore cryptocurrency regulation

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ComplyAdvantage accepts no responsibility for Staff Learn about the emerging city-state has taken a friendlier media platforms, and broadcast and some of its regional neighbors.

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MAS Strengthens Regulatory Measures for Digital Payment Token Services. Singapore, 23 November The Monetary Authority of Singapore (MAS). The proposed measures include preventing crypto service providers in Singapore from accepting payments through locally issued credit cards. The Crypto Travel Rule in Singapore is a regulatory measure for cryptocurrency transactions, in line with FATF Recommendation 16, which mandates.

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You can read more about the differences in assessment criteria between each license here. Head to consensus. Investing Club. If a cryptocurrency is a security, securities-based derivatives contract or unit in a collective investment scheme, then if a person intends to offer it for sale, it would need to prepare and lodge a prospectus, unless the sale falls within an exemption under the SFA, such as a private placement or a small offer exemption. Close Top Stories.