Latest Payment Services Act News

Business 25 June 2020

Unlicensed BTC dealer charged under Singapore’s new laws

An unlicensed BTC dealer has been charged in Singapore for facilitating money laundering, could face three years in jail. It’s the first action under new laws.

Business 18 October 2019

Singapore illegal crypto transactions draw ire of financial regulator

The Monetary Authority of Singapore (MAS) is preparing to implement new powers created under the Payment Services Act.

Business 22 May 2019

New Japanese crypto regulations on their way to upper house

New regulations aimed at the cryptocurrency sector have moved a step closer to the statute books in Japan.

Business 29 March 2019

Another crypto exchange gets green light from Japan regulators

DeCurret Co. Ltd. has successfully completed the application process to become registered as a virtual currency exchange service provider in Japan.

Business 31 October 2018

Stablecoins are not cryptocurrencies, Japan’s FSA confirms

The Financial Services Agency (FSA) has said that stablecoins are not virtual currencies under the definition provided in the Payment Services Act, in a statement that could have profound effects on how stablecoins are regulated in Japan.

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