The Singapore regulator is asking for more feedback on payment law

Wants to add virtual currency services to the scope of regulated activities

The Monetary Authority of Singapore (MAS) has launched a second consultation on its proposed legal framework, known as the Payment Services Bill.

According to MAS, the bill will streamline the regulation of services under a single law, expand the scope of regulated activities to include services in virtual currencies, and calibrate regulation according to the risks involved …

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