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WazirX Sets Up Panama Entity To Escape Singapore Crypto Noose

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SUMMARY

Singapore is set to enforce the FSM Act 2022 this month to make the regulatory framework stricter for digital token services

WazirX informed the apex court of Singapore that it is in the process of transferring the crypto-related services to a subsidiary incorporated outside Singapore

Panama has relaxed regulator rules around cryptos. Zensui (WazirX) hopes to see smoother operations there and provide uninterrupted service to its users

Nearly a year after a cyber attack…

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