SINGAPORE – Singapore has tightened regulations on crypto exchanges, requiring digital token service providers (DTSPs) serving only overseas clients to obtain a licence by June 30 or cease operations. The Monetary Authority of Singapore (MAS) stated it would rarely grant such licences, citing higher money laundering risks and limited supervision capabilities. This move follows scandals like the collapses of Three Arrows Capital and Terraform Labs, which damaged Singapore’s financial reputation. Analysts welcomed the stricter controls, viewing them as necessary to protect market integrity and comply with global anti-money laundering standards set by the Financial Action Task Force (FATF).
Crypto exchanges
Table of Contents
Read More News on Latest Malaysia
Follow us on:
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Leave a Reply
You must be logged in to post a comment.