The Monetary Authority of Singapore has issued three more in-principle approvals for its digital payment token licence. It allows companies to offer crypto services. Deputy Prime Minister Heng Swee Keat has said that while cryptocurrencies are highly volatile and unsuitable for retail investment, the blockchain technology underlying them has potential. That is why Singapore remains keen to work with blockchain and digital asset players.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia