Singapore aims to streamline financial watchdog’s authority over crypto firms -Breaking
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Singapore seeks to simplify financial surveillance authority on crypto companiesSingapore’s government approved legislation to give the Monetary Authority of Singapore (MAS) additional powers to deal with crypto companies doing business in other countries.
According to records of the Parliament of Singapore, the government is shown. PassedThe Financial Services and Markets Bill will be read second on Tuesday, following Monday’s first reading. According to the MAS the legislation will RequireService providers of virtual assets that operate outside Singapore need to be licensed.
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