Worldcoin Token (WLD) News: Investigation into Traders Amid Regulatory Concerns
Wednesday, 11 September 2024, 07:11
Latest Developments in Worldcoin Token (WLD) Trading
Worldcoin token (WLD) news indicates that the Singapore Police have initiated an investigation into individuals engaged in trading Worldcoin accounts and tokens. The investigation centers on potential money laundering and terrorism financing connected to the crypto project.
Regulatory Concerns Surrounding Worldcoin
- Deputy Prime Minister Gan Kim Yong stated that the probe targets those potentially violating the Payment Services Act 2019.
- Although Worldcoin does not qualify as a payment service under this act, traders must comply with relevant regulations.
- The Monetary Authority of Singapore (MAS) has issued warnings regarding the trading of Worldcoin.
As scrutiny intensifies, the future of Worldcoin token (WLD) trading remains uncertain in Singapore, prompting discussions on regulatory practices in the cryptocurrency sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.