Monetary Authority of Singapore has revoked the payment license of crypto liquidity provider Bsquared Technology, also known as BSQ, after uncovering what it called “serious breaches” of regulatory rules. The decision prevents the company from offering digital payment token services in Singapore. The move is significant because Singapore has generally positioned itself as a crypto-friendly hub while maintaining strict compliance standards. The action signals regulators are increasing pressure on crypto firms to meet licensing and risk-management requirements as oversight tightens globally.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
