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Cryptocurrencies

Singapore's crypto players face added scrutiny under new law

Companies that provide overseas digital currency services must obtain licenses

While some crypto players based in Singapore decry the city-state's tightening of regulations, others welcome the scrutiny as a way to weed out bad actors.

SINGAPORE -- Singapore on Tuesday passed a law that extends its cryptocurrency regulations to companies with a local presence that provide digital token services outside the city-state, as authorities further tighten rules around the emerging industry.

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