Singapore Intensifies Scrutiny Of Companies Working With Cryptos Like Bitcoin, Ethereum, Dogecoin

Singapore is intensifying its scrutiny of cryptocurrency-related companies ahead of planned regulatory changes with the Monetary Authority of Singapore (MAS) sending a detailed questionnaire to some applicants and holders of its digital-payments license, Bloomberg reported citing sources. The questions, which were issued over the last month, concentrate on gauging the financial soundness of the com and their interconnectedness, with some adding they’re expected to respond promptly, the report said.