The Minister in charge of MAS noted that the new restrictions include limiting retail participation in digital assets trading and rules on the use of leverage when transacting via digital currencies.
When the license is officially approved, DBSV said its clients would be able to access digital payment token services directly through its exchange platform, DBS Digital Exchange (DDex).
A new Code of Practice has been launched in Singapore, aimed at helping more blockchain firms secure a payment service license.
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.
The Monetary Authority of Singapore (MAS) is preparing to implement new powers created under the Payment Services Act.
New regulations aimed at the cryptocurrency sector have moved a step closer to the statute books in Japan.
DeCurret Co. Ltd. has successfully completed the application process to become registered as a virtual currency exchange service provider in Japan.
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.
