Singapore aims to streamline financial watchdog's authority over crypto firms
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan. The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country.Records from the Parliament of Singapore show the government passed the Financial Services and Markets Bill on Tuesday following a second reading on April 4. According to the MAS, the legislation will require virtual asset service....
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