Binance Takes Additional Steps to Tap Singapore’s Crypto Market

Cointelegraph | Feb 17, 2020 at 5:10 AM
  • The Monetary Authority of Singapore recently opened its doors to crypto by introducing the Payment Services Act.
  • This policy is intended to regulate cryptocurrency payments and trading using regulations that currently govern traditional fiat payment services as a guideline.
  • Any interested parties must apply for the appropriate licenses in Singapore, including a standard payment institution license, a money-changing license, and a major payment institution license.