The Monetary Authority of Singapore (MAS) revoked Bsquared's major payments license.

CoinFeed reported on May 20th that, according to Bloomberg, the Monetary Authority of Singapore (MAS) has revoked the Major Payments Institution license of local cryptocurrency liquidity provider Bsquared Technology (BSQ) due to "serious violations" found in the company last year. Following the license revocation, Bsquared is no longer permitted to offer digital payment token services in Singapore.