Singapore revises Payments Service Act to include cross-border transfers

Oluwapelumi Adejumo

The Monetary Authority of Singapore (MAS) has significantly amended its Payments Service Act (PSA) to enhance its jurisdiction and bolster user protection within the crypto industry, according to an April 2 statement. These revisions align with Singapore’s commitment to solidifying its position as a cryptocurrency-friendly hub, underpinned by regulatory frameworks that foster innovation while prioritizing […]

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Singapore revises Payments Service Act to include cross-border transfers