Singapore to expedite FinTech patent approvals, including blockchain

The Intellectual Property Office of Singapore (IPOS) has launched a new FinTech Fast Track initiative to expedite the patent-granting process for FinTech inventions, such as blockchain-based or electronic payments.

According to a press release by IPOS, the initiative would help businesses bring their FinTech innovations to market more rapidly, with FinTech patents being granted as quickly as six months, compared to at least two years for normal applications.

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