Singapore expands crypto rules, now covers custody and payments

Singapore has broadened the scope of its digital asset regulations to encompass the custody of tokens and a wider range of firms involved in fund transfers, as part of the city-state's ongoing efforts to establish itself as an institutional hub for the industry while promoting user protection and financial stability.The amendments to the Payment Services Act (PS Act) will come into effect in... source: https://cryptobriefing.com/singapore-expands-crypto-rules-custody-payments/