The MAS or Monetary Authority of Singapore recognizes the need for strong corporate governance for awarding digital payment token licenses. Many young players have young employees that are creative, think outside the box and innovative but they also need an equal doze of risk management, know your client, awareness of anti money laundering rules and ensure potential for fraud is reduced. With crypto currencies association with money laundering, illegal activities and human trafficking ensuring digital payment tokens are used safely and securely needs to be demonstrated

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