Singapore’s central bank has revoked the crypto payment license of Bsquared Technology Pte. Ltd., removing the firm’s authority to provide digital payment token services after finding a series of compliance breaches. The Monetary Authority of Singapore said it withdrew Bsquared’s Major Payment Institution Licence after an on-site inspection found weaknesses in the company’s risk management practices, conflict-of-interest policies, and compliance with outsourcing guidelines. MAS also said Bsquared, also known as BSQ, provided false or misleading information on multiple occasions. The regulator said the issue stretched ... (full story)