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BitDegree 2024-04-02 09:20:50

Singapore Tightens Regulation on Crypto Activities with New Licensing Mandate

Key Takeaways Singapore has expanded its regulatory framework to include crypto custodial services and cross-border transactions. The amendments necessitate stringent user protection measures, including the segregation of customer assets. Entities engaging in crypto services must comply with the new regulations by April 4, 2024, or risk discontinuing their operations.

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