Singapore regulatory sandbox lacks qualified crypto payment providers By Cointelegraph
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The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers.
Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversight on crypto adoption published in the Financial Times, the MAS clarified that the country does not have a “crypto sandbox” but rather a sandbox that supports a broad range of fintech experimentation.
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The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers.
Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversight on crypto adoption published in the Financial Times, the MAS clarified that the country does not have a “crypto sandbox” but rather a sandbox that supports a broad range of fintech experimentation.
Continue Reading on Coin Telegraph
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