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E-wallet, crypto players show support for Payment Services Bill

Players largely welcomed the new rules on cryptocurrency activities, e-money issuance and money transfers

TransferWise's Mr May said he only had gripes with the ban on cash withdrawals from stored- value balances and the cap on these balances or e-wallets.


E-WALLET and cryptocurrency players welcomed - with some degree of reservation - the new regulatory framework for payment services that was unveiled on Monday.

The framework, which will expressly regulate cryptocurrency players for the first time, and place e-wallet...

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