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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

An applicant plans end-to-end digital financial services with no physical service branch and asks whether the law’s allowance of other classifications can encompass a distinct digital bank. Which is correct?

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Section 3.2(g) and BSP Circular 1105 support recognition of the distinct digital-bank category, subject to authority and requirements Only the applicant can invent a category An app license alone is a banking license The 2000 text freezes all bank classifications forever

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