A 23-year old Singaporean accused of unlicensed Bitcoin (BTC) dealing is set to become the first person to be charged under the city-state’s Payment Services Act.
The Singapore Police Force said on June 23 that the woman — whose identity has not been disclosed — had provided a digital payments token service without a license. She is alleged to have received at least 13 fraudulent fund transfers, worth a total of 3,350 Singapore dollars (~$2,400), which she then used to purchase Bitcoin.