US EditionTougher Singapore crypto regulations kick in
- Singapore increased regulations on cryptocurrency exchanges to prevent money laundering and restore confidence after scandals.
- The Monetary Authority of Singapore stated it will generally not issue licenses for these operations.
- Chengyi Ong from Chainalysis noted that financial integrity is a crucial aspect of the new regulations.
- Gibson, Dunn & Crutcher mentioned that these regulations will help Singapore comply with the Financial Action Task Force's standards.
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Watauga Democrat+34 Reposted by 34 other sources
Tougher Singapore crypto regulations kick in
Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector.
·Calhoun, United States
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Total News Sources35
Leaning Left1Leaning Right7Center7Last UpdatedBias Distribution47% Center, 47% Right
Bias Distribution
- 47% of the sources are Center, 47% of the sources lean Right
47% Right
C 47%
R 47%
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