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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


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