The legislation was passed in 2021 with amendments to the Payment Services Act (PS Act), the framework to regulate payment service providers. It was supposed to be enacted in the fourth quarter of 2021, but the MAS made the changes live only on Tuesday. Since 2021, the cryptocurrency sector has seen huge turmoil with the crash of FTX, leading to regulatory changes across the world.
Leading Crypto-Policy Academic in Washington to Open Disclosure Firm Bluprynt
Following a $1.7 million early funding round, Brummer said the company is backed by Dan Schulman, the former PayPal CEO...