Just-In: Singapore Seeks To Ban Crypto Lending, Staking For Retail Investors
07/03/2023 16:57
Crypto News: The global digital asset industry is trading under increased uncertainty as the top financial watchdogs are still engaged in building
Crypto News: The global digital asset industry is trading under increased uncertainty as the top financial watchdogs are still engaged in building regulations around it. In a bid to safeguard investors’ funds, the Monetary Authority of Singapore (MAS) is seeking to inflict a trust requirement on crypto exchanges.
Also Read: XRP Escrow Unlocked; Will Whales Scoop More XRP?
According to reports, the MAS on Monday asked the cryptocurrency exchanges operating in the country to move customer assets in trust. It is required to be done by the exchanges before the end of 2023. This move comes in to protect the crypto assets from the implosions like FTX disaster.
(THIS IS A DEVELOPING STORY)
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Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
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