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Regulation and compliance - Singapore's crypto game in 2022
New rules will allow MAS to streamline the industry and provide more clarity to players
Published Wed, Jan 12, 2022 · 09:50 PM
Singapore
SINGAPORE'S crypto players can expect greater regulatory scrutiny this year, but with that should also come more clarity on the space that exchanges and investors can participate in. Crypto licences will be doled out and consolidation will take place, say observers.
New regulations that take effect this year will grant the Monetary Authority of Singapore (MAS) more teeth in the regulation of digital payment token (DPT) services - which would include crypto exchanges.
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