Bloomberg: Monetary Authority of Singapore revokes Bsquared encrypted payment license Odaily Planet Daily News: The Monetary Authority of Singapore has announced the revocation of Bsquared Technology's Major Payment Institution (MPI) license for cryptocurrency payment company Bsquared Technology, citing deficiencies in risk management and conflict of interest policies, violations of outsourcing management regulations, and multiple false or misleading information provided to regulatory agencies during license application and on-site inspections. Bsquared obtained the digital payment token service license 16 months ago and is currently required to submit a closure certificate issued by an audit institution to confirm that all customer funds have been returned. MAS stated that it is further reviewing the responsibilities of key management personnel in the company. Currently, Singapore has only approved 37 institutions to provide digital payment token services, and license revocation is relatively rare.