WazirX Sets Up Panama Entity To Escape Singapore Crypto Noose

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SUMMARY

Singapore is set to enforce the FSM Act 2022 this month to make the regulatory framework stricter for digital token services

WazirX informed the apex court of Singapore that it is in the process of transferring the crypto-related services to a subsidiary incorporated outside Singapore

Panama has relaxed regulator rules around cryptos. Zensui (WazirX) hopes to see smoother operations there and provide uninterrupted service to its users

Nearly a year after a cyber attack…



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WazirX Sets Up Panama Entity To Escape Singapore Crypto Noose


SUMMARY

Singapore is set to enforce the FSM Act 2022 this month to make the regulatory framework stricter for digital token services

WazirX informed the apex court of Singapore that it is in the process of transferring the crypto-related services to a subsidiary incorporated outside Singapore

Panama has relaxed regulator rules around cryptos. Zensui (WazirX) hopes to see smoother operations there and provide uninterrupted service to its users

Nearly a year after a cyber attack…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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