SINGAPORE (Sept 26): Singapore banks have closed accounts of several companies which specialise in providing cryptocurrency and payments services, according to two local bodies which represent financial-technology firms.

Noting that cryptocurrency firms have had similar problems with their banks in other countries, the head of Singapore's Cryptocurrency and Blockchain Industry Association, or Access, asked the government to step in.

"From our analysis, it appears to be common among leading FinTech hubs," Access chairman Anson Zeall said in an emailed statement.

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