By the end of 2023, all crypto trading platforms will have been required to comply.
This measure is to protect crypto assets in the case of calamities like the FTX collapse.
To safeguard investor funds, the Monetary Authority of Singapore (MAS) is considering mandating that crypto exchanges maintain a dedicated trust. On Monday, the Monetary Authority of Singapore (MAS) allegedly ordered cryptocurrency exchanges in the country to start holding customer funds in trust.
By the end of 2023, all crypto trading platforms will have been required to comply with the regulations and relocate their money. This measure is designed to protect crypto assets in the case of calamities like the FTX collapse.
Additionally, there is a movement afoot in Singapore to outlaw lending and staking programs for individual investors. The Monetary Authority of Singapore started pondering the matter in October of last year. And they came to the conclusion that further regulation of enterprises that deal with cryp
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