A cryptocurrency mining computer is seen in front of a bitcoin logo during the annual Computex computer exhibition in Taipei, Taiwan in 2018. SIngapore’s new measures provide regulatory clarity. — Reuters
SINGAPORE: Singapore has introduced a new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licences for the first time.
The Payment Services Act is the first comprehensive regulation for companies handling activities ranging from digital payments to trading of tokens such as bitcoin and ether.
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