Singapore
Singapore Updates Payment Services Act to Include Token Custody & Transfers
In a recent development, the Monetary Authority of Singapore (MAS) has announced significant amendments to the nation’s Payment Services Act (PS Act) aimed at broadening the regulatory framework surrounding digital payment token (DPT) service providers. MAS Expands Regulatory Oversight On April 2, Singapore’s central bank said it would bring several activities within the scope of the […]
Singapore Prime Minister Issues Warning on Deepfake Crypto Scams
Singapore’s prime minister, Lee Hsien Loong, warned the public about a deepfake video depicting him promoting a crypto scam ‘envisioned by Elon Musk.’ Recently, Singapore’s Prime Minister Lee Hsien Loong cautioned the people about an emerging wave of cyber frauds taking root in deepfake technology. Lee Hsien Loong has drawn attention to the rise of […]
Singapore Shake-Up: Tether Alters Terms, Sparks Crypto Community Confusion
Stablecoin issuer Tether has recently changed its terms of service (ToS) in Singapore, causing a stir within the cryptocurrency community. The alterations, which have been met with confusion and speculation, primarily revolve around restricting the redemption of the company’s USDT tokens for United States dollars. Email Reveals Tether’s New Restrictions The news came to light […]