Lawrence Wong addresses questions on Stamp Duties (Amendment) Bill
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Lawrence Wong addresses questions on Stamp Duties (Amendment) Bill(Updated: )
Second Minister for Finance Lawrence Wong replied to MP Louis Ng's queries on the Stamp Duties (Amendment) Bill in Parliament on Monday (Sep 10). He said the Government recognises the rapid pace of technological developments, including in the emerging "proptech" sector and the use of blockchain for transactions. He said Government agencies are studying the legislative framework for electronic transactions, and how best to streamline and digitalise property transaction processes. The Bill was passed.