Singapore Tightens Crypto Grip Licenses Now Mandatory for Custodial Services

April 17, 2024

SINGAPORE, Tuesday, April 9, 2024- Singapore’s Monetary Authority of Singapore (MAS), has implemented licensing requirements for companies offering crypto custodial services. The regulations, passed by parliament in 2021 but activated on April 4, 2024, aim to bring greater transparency and consumer protection to the burgeoning crypto sector. Under the new rules, firms holding clients’ digital […]