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Singapore cryptocurrency regulation

Singapore cryptocurrency regulation

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Furthermore, cryptocurrencies would be treated depends on the type of same requirement.

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SINGAPORE -- Singapore on Thursday said it will roll out new rules to safeguard the interests of individuals by limiting their ability to. The proposed measures include preventing crypto service providers in Singapore from accepting payments through locally issued credit cards. free.coingap.org � /11/24 � singapore-to-tighten-crypto-regulations-for.

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They include, but are not limited to: Fitness and propriety Competency of key individuals Security Compliance arrangements Technology risk management Audit arrangements Annual audit requirements Letter of Responsibility and Letter of Undertaking You can read more about the differences in assessment criteria between each license here. Estate planning and testamentary succession. The Monetary Authority of Singapore MAS has released the second, final tranche of its responses to feedback on a consultation paper of proposed regulations for crypto service providers. Only entities that were already providing digital payment token services before January 28, are qualified for the exemption,provided that they notified the MAS of such a fact within 30 days of that date.