Crypto firms already working in Singapore are required to first register with MAS, then apply for a license to operate. A failure to notify MAS is a breach ...
source https://www.google.com/url?rct=j&sa=t&url=https://www.coindesk.com/singapore-temporarily-exempts-crypto-firms-including-coinbase-from-new-licensing-regime&ct=ga&cd=CAIyGjBkZWE0Yjc3NzNlM2I2MDQ6Y29tOmVuOlVT&usg=AFQjCNG86K8X5IjrN47rRWgy9D0vjZFwSg
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