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The monetary authority of Singapore (mas) announced the exemption list of the PSA license, and a number of trading platforms including Coinbase and Coinbase can operate digital currency-related payment businesses during the exemption period

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The monetary authority of Singapore (MAS) has formally published the list of exempted enterprises for the payment services business licence.

Rhythm BlockBeats news, the monetary authority of Singapore (MAS) officially announced about the exemption of payment service licences enterprise list, the list of the specific payment service entity already obtained exemption period or the license and management of the digital currency related payment services, including large institutions such as alibaba, alipay, amazon's Singapore entities are in the list. About saving licensing digital currency related payment services, including COINS, OKCoin, Ann BitStamp, COINS, Coinbase, CoinCola letter, TenX, Upbit, ZB, Pionex nearly 200 companies are before formally issued licences to save state legal operation.

In addition, the exemption status will be terminated after the 6-month period or 12-month limit specified by MAS, and the exemption period of digital currency payment service will end on July 28 this year; If an entity submits an application for a licence under the payment services act, the exemption period ends when the application is approved or rejected by the MAS. It was previously reported that the monetary authority of Singapore announced that it would implement the Payment Service Act from January 28, 2020, and all trading platforms must submit application documents by February 27, 2020.