33.4 C
Singapore
Tuesday, September 27, 2022
Home Business Alibaba, Google and More Than 300 Other Companies are Now Seeking Singapore...

Alibaba, Google and More Than 300 Other Companies are Now Seeking Singapore Crypto Licences

The Monetary Authority of Singapore (MAS) said they have received more than 300 applications, including requests from Alibaba and Google, under the Payment Services Act, a comprehensive regulatory framework for companies that are handling activities relating to digital assets, including payments and trading.

In an interview with Bloomberg, the authority’s chief financial technology officer Sopnendu Mohanty said that the MAS is now working on to speed up the application process. Meanwhile, companies that have sent their applications but are still waiting for approval may continue offering specific payment services

Reference: https://www.coindesk.com/alibaba-google-among-more-than-300-companies-seeking-singapore-crypto-licenses

 

DISCLAIMER: SGBusinessTalk website, its article contents and opinions is for research purposes and entertainment only. At no point should the content here be taken as financial advice. You are yourself responsible for any and all investment and trading decisions. This article IS NOT a financial advice. You can lose all your money in cryptocurrency. Do not invest if you fear to lose income. SGBusinessTalk is reader-supported. When you buy through links on our site, we may earn an affiliate commission.
- Advertisment -

Most Popular

APENFT’s ‘Fall of the Core’ Lands on Sandbox, Unlocking the Gate of the City of Origin

The Sandbox, a decentralized blockchain-based metaverse, has held its first hybrid digital and real-life wedding on its metaverse. Singaporean couple Joanne Tham and music company...

The Sandbox Hosts its First Wedding on the Metaverse

The Sandbox, a decentralized blockchain-based metaverse, has held its first hybrid digital and real-life wedding on its metaverse. Singaporean couple Joanne Tham and music company...

Singapore-based SkyArk Studio Believes It Has Figured Out Blockchain Gaming

Japanese authorised partner of French luxury brand Hermes, Ginza Xiaoma, has finally opened its first boutique in Singapore. The 240sqm store located on Orchard...

Hermes Reseller Ginza Xiaoma Makes its Singapore Debut

Japanese authorised partner of French luxury brand Hermes, Ginza Xiaoma, has finally opened its first boutique in Singapore. The 240sqm store located on Orchard...