Singapore Continues To Develop Protections For Crypto Assets Holders

For the crypto industry, 2022 was a nadir of sorts. Significant events included the collapse of the Terra stablecoin and the bankruptcy of FTX, Hodlnaut, and Three Arrows Capital. These developments arguably served to accelerate the introduction of Singapore governmental measures, led primarily by the country’s financial regulator, the Monetary Authority of Singapore (MAS), to enhance investor protection and market integrity in relation to crypto assets.

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