Singapore Enforces Licencing Guidelines for Crypto Custody Services and More

Tuesday, 2 April 2024, 06:25
The Monetary Authority of Singapore (MAS) has widened its regulatory oversight to cover custodial services in the cryptocurrency sector, introducing new licencing requirements. This move is a significant step towards enhancing security and transparency within the growing crypto market. These regulations aim to promote investor trust and safeguard against potential risks, strengthening the overall regulatory framework for cryptocurrencies in Singapore.
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Singapore Enforces Licencing Guidelines for Crypto Custody Services and More

Singapore Enacts Licencing Requirements for Crypto Custody Services and Others

Singapore has expanded the scope of what cryptocurrency-related activities it regulates to include custodial services, the Monetary Authority of Singapore (MAS) announced on Tuesday.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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