California-based cryptocurrency exchange BitGo has made its official foray into Asia by launching a fully regulated subsidiary in Singapore.
A spokesperson said that the Monetary Authority of Singapore has not allowed retail investors to trade spot Bitcoin ETFs.
The new framework stated that firms that falsely claim that a token is certified by regulators in Singapore will be subjected to fines.
American blockchain payments firm, Ripple Labs Inc has secured the license to operate as a Major Payment provider in Singapore
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