Singapore Grants Crypto License Exemptions to Ripple, Coinbase and Binance
Cointelegraph
Published Mar 27, 2020 09:10AM ET
Updated Mar 28, 2020 11:00AM ET
While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from the law since the beginning of the year.
The Monetary Authority of Singapore (MAS), the country’s central bank and major financial regulatory authority, exempted a number of major payment services from holding a financial license under the PSA.
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Written By: Cointelegraph
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