What are the current regulations for trading cryptocurrencies in Singapore?
Armand ShemaDec 26, 2021 · 3 years ago1 answers
Can you provide detailed information about the current regulations for trading cryptocurrencies in Singapore? I would like to know what rules and guidelines are in place for individuals and businesses who want to engage in cryptocurrency trading in Singapore.
1 answers
- Dec 26, 2021 · 3 years agoThe current regulations for trading cryptocurrencies in Singapore are designed to ensure the safety and security of investors. The MAS has implemented a licensing framework that requires cryptocurrency exchanges to obtain a license in order to operate in Singapore. These licenses are subject to strict requirements, including AML and CTF measures. The MAS also conducts regular audits to ensure that exchanges are complying with these regulations. These measures help to create a transparent and trustworthy environment for cryptocurrency trading in Singapore. If you're interested in trading cryptocurrencies, it's important to choose an exchange that is licensed by the MAS and follows these regulations.
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