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Deep Tide TechFlow News, May 20th, according to Bloomberg, the Monetary Authority of Singapore (MAS) has revoked the primary payment institution license of local cryptocurrency liquidity provider Bsquared Technology Pte. Ltd. (BSQ), and BSQ is no longer allowed to provide digital payment token services locally. MAS stated that last year it found BSQ to have engaged in "serious violations" of regulatory requirements. The report indicates that, in the context of Singapore seeking to reduce risks in the crypto industry, this move is relatively uncommon for local regulators.