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MAS Revokes Crypto Payment License from Bsquared
Description
Singapores central bank, MAS, revokes crypto payment license from Bsquared Technology due to risk management, conflict of interest, and outsourcing issues. Bsquared allegedly provided false information during application and inspection process. MAS orders auditors to confirm customer funds return, while investigating Bsquareds management. Singapore, a major crypto hub in Asia, aims to blend traditional finance with digital assets.
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