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Coin Edition 2023-07-03 16:43:00

Singapore Regulator Orders Exchanges To Keep Customer Assets In Trusts

MAS ordered Singapore-based crypto firms to keep customer assets in trust by the end of 2023. Reportedly, the government claimed that custodial independence is required for customer asset protection among “digital payment token service providers.” These newly proposed regulations mandate daily reconciliation, accurate records, and operational controls for customer assets. Bloomberg reported that Singapore’s Monetary The post Singapore Regulator Orders Exchanges To Keep Customer Assets In Trusts appeared first on Coin Edition .

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