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Singapore confirms near-ban on foreign-only digital token services

The Monetary Authority of Singapore has effectively banned most crypto firms from serving only foreign clients by requiring a license, which it says it will “generally not issue.”

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Singapore confirms near-ban on foreign-only digital token services

The Monetary Authority of Singapore has effectively banned most crypto firms from serving only foreign clients by requiring a license, which it says it will “generally not issue.”

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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