Singapore Revokes Bsquared’s Crypto Licence Over Regulatory Breaches

Cointelegraph Staff

(01:03 PM UTC)

1 min read

Singapore’s central bank has pulled the crypto payment license of Bsquared Technology Pte. Ltd., stripping the firm of its right to provide digital payment token services after uncovering a series of breaches.

In a Wednesday announcement, the Monetary Authority of Singapore (MAS) said it revoked Bsquared’s Major Payment Institution Licence after an on-site inspection found weaknesses in the…

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Cointelegraph Staff · Cointelegraph

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