Singapore has implemented new rules targeting crypto custody, lending, and staking activities. MAS
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Where Is Singapore's Crypto Industry Headed?Singapore nabbed second place in CoinDesk's Crypto Hub rankings this year, which outlines the best places to live freely and work smart in the Web3 and blockchain space. RockX founder and CEO Zhuling Chen weighs in on the crypto environment in Singapore and the regulatory outlook after the collapse of Terraform Labs and Three Arrows Capital.
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Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-EndSingapore's central bank, MAS_sg, has published new rules that will require cryptocurrency related entities to safeguard customer assets in a trust, among other requirements. By amitoj.
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Singapore wants crypto firms to keep client funds in a trustSingapore will require crypto firms to keep customer funds in a trust before the end of the year, as part of newly announced requirements.
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Singapore to require crypto firms to put user assets into trusts by year-endThe Monetary Authority of Singapore has summed up the results of a public consultation on regulatory measures to reduce risks to crypto investors, addressing lending and staking.
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The Path to a Crypto Utopia Isn’t a Straight Line: It’s Time to Evolve With RegulationListen to this episode from Carpe Consensus on Spotify. Oliver von Landsberg-Sadie, CEO of BCB Group, discusses what U.K. and EU regulation might teach us about the future of global crypto policy.On “Carpe Consensus,” hosts Danny Nelson and Cam Thompson dive into the latest crypto news.[2:46] Inside the Desk: Nik De joins to recap when CoinDesk put crypto’s motto of “Don’t Trust, Verify” to practice. CoinDesk received documents in response to a New York state Freedom of Information Law request about the details of Tether’s reserves. These documents were released two years after the original filing in 2021 and only after a full-blown legal fight with Tether.[11:28] Oliver von Landsberg-Sadie, CEO of BCB Group, discusses the tenuous balance of trust and compliance in the world of U.K. and European Union (EU) regulation, and what it might teach us about the future of global crypto policy.[29:47] Crypto Hubs: Crypto is on the move to find the best locales to put down roots, get licensed, register or just be. CoinDesk’s ranking of the top 15 global crypto hubs is a good place to start.“Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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