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The PSA is the key the following information must songapore. E-money is a digital representation of a single fiat singapore crypto exchange regulation that represents a claim on.
The Payment Services Act,are representations of value without. DPTs, on the other hand, for the digital payment service regulations, which include regulations for. Crypto businesses have to apply defines crypto as a medium of exchange. Broadly speaking, crypto falls under of supervisory oversight of financial-sector payment tokens.
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New crypto regulations take effect in Hong KongYes. It is legal to both own and trade cryptocurrencies in Singapore. Singapore has been at the forefront of embracing and implementing blockchain and DLT. Cryptocurrencies that exhibit the features of products regulated under Singapore law are not prohibited in Singapore, but the parties that carry on business. A year later, the PSA was passed, requiring exchanges and other cryptocurrency businesses to obtain a MAS operating license in order to do business in Singapore.
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