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Crypto players waiting on Singapore's playbook
Authorities treading fine line between keeping regulations and stifling innovation, observers say
Published Mon, Dec 6, 2021 · 09:50 PM
Singapore
THE Singapore regulator is faced with a large backlog of crypto-related licence applications.
According to the Monetary Authority of Singapore's (MAS) website, close to 70 applicants seeking to be licensed as digital payment token (DPT) service providers remain on the waiting list. These entities are operating under a regime that allows them to be exempted from holding a licence while their applications are under review.
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