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Investors protection is becoming the priority of financial regulators whether in Singapore or South Korea.
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MAS suggests measures to crypto service providers for handling the investors’ funds.
In a recent announcement, the Monetary Authority of Singapore (MAS) brought new compliance for crypto service providers. The city-state’s financial regulator also indicated restrictions on the staking and lending services for retail investors in the crypto space.
MAS released the statement on Monday, July 3, 2023, requiring the Digital Payment Token (DPT) providers, or crypto service providers, to keep their customers assets “under a statutory trust” before the year end.
According …
We współpracy z: https://www.thecoinrepublic.com/2023/07/03/singapore-to-restrict-crypto-staking-and-lending-citing-protection/
