Cryptocurrency Q&A
Is KuCoin not allowed in Singapore?
Is KuCoin not allowed in Singapore?
Daniele
Thu Dec 05 2024
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7 answers
943
I'm trying to understand if KuCoin is permitted in Singapore. I've heard mixed information and want to clarify if there are any restrictions or regulations that prevent its use in the country.
7 answers
SakuraPetal
Sat Dec 07 2024
Cryptocurrency exchanges and platforms operating in Singapore are governed by the Payment Services Act (PSA).
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Davide
Sat Dec 07 2024
According to the PSA, exchanges like Kucoin must adhere to specific regulations to ensure legal operation.
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CryptoGladiator
Sat Dec 07 2024
One of the key requirements under the PSA is obtaining the necessary licenses from the Monetary Authority of Singapore (MAS).
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JejuSunshineSoul
Sat Dec 07 2024
Without the appropriate licenses, cryptocurrency exchanges and platforms cannot legally operate in Singapore.
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Sara
Fri Dec 06 2024
The MAS is responsible for overseeing the financial sector in Singapore, including cryptocurrency exchanges and platforms.
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