New Singapore law requires crypto firms to be licensed in the country
Singapore’s new payments law has come into force today and it requires all crypto businesses operating in the country to be registered and licensed. The Payment Services Act was first passed in January 2019 and is now enacted, the Monetary Authority of Singapore (MAS) announced Tuesday. It gives the regulator formal supervisory authority over payments firms, including crypto. The Monetary Authority of Singapore said the new law will strengthen consumer protection and promote confidence in the use of electronic payments
Google is embarking on an open-source security key project with the end goal of replacing passwords on the Internet with more secure ways of authentication. The OpenSK scheme is Google's latest extension in the security key ecosystem.