The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators are obliged to meet anti-money laundering and counter-terrorism financing regulations. Also read: Uzbekistan Prepares Crypto […]
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It has been a busy week for Singapore as it relates to cryptocurrency. The city-state is set open the first fiat-crypto exchange in Southeast Asia, while the financial regulator has vowed to help crypto companies set up local bank accounts, according to media reports. Also read: Salt to Offer Crypto-Backed Loans in 7 Global Markets, […]
Crowd Genie Financial Services Pte Ltd (“Crowd Genie”), an operator of a Peer-to-Peer (“P2P”) lending platform licensed by the Monetary Authority of Singapore (“MAS”), looking to build an Asia-wide exchange of financial assets through its related entity CGSPV Pte. Ltd., today announced the appointment of a new board of advisors ahead of its Initial Coin Offering (“ICO”) public sale on 1 February 2018.