Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of Monetary Authority of Singapore responded to say that while Worldcoin does not perform a payment service under Singapore regulations, people buying or selling Worldcoin accounts and tokens may be acting illegally by providing a payment service as unlicensed individuals.
Source: https://www.coindesk.com/policy/2024/09/11/singapore-investigating-seven-people-for-providing-worldcoin-services/?utm_medium=referral&utm_source=rss&utm_campaign=headlines