Singapore new legislation offers cryptocurrency firms a chance at licences to expand
This via Bloomberg earlier, on legislation in SG
- introducing new payments legislation, the Payment Services Act
- that will offer global cryptocurrency firms a chance to expand their operations in the country - will regulate activities ranging from digital payments to trading of tokens such as Bitcoin
- will issue operating licenses for the first time
Link here for more
Japan is a trend setter in such legislation, 22 exchanges received licenses there since 2017.