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Singapore Drops a Crypto Regulation ๐ฃ!
Singapore is tightening the screws on crypto firms! ๐ฉ The Monetary Authority of Singapore (MAS) is making moves, setting a June 30th deadline for local crypto service providers to halt digital token (DT) services to overseas markets. ๐ซ
This means Singapore-based companies dealing with digital tokens abroad need to either stop or get licensed. Violators could face fines up to $200,000 and even jail time. ๐จ
MAS is worried about regulatory gaps being exploited, especially concerning Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT). They're making sure everyone plays by the rules, even when operating outside Singapore.
This is all part of Singapore's effort to address cross-border risks in the crypto space! ๐ฅ
What do you think of this move by Singapore?
Follow for more insights!
#Singapore #CryptoRegulation #AML #CFT #DigitalAssets
Singapore is tightening the screws on crypto firms! ๐ฉ The Monetary Authority of Singapore (MAS) is making moves, setting a June 30th deadline for local crypto service providers to halt digital token (DT) services to overseas markets. ๐ซ
This means Singapore-based companies dealing with digital tokens abroad need to either stop or get licensed. Violators could face fines up to $200,000 and even jail time. ๐จ
MAS is worried about regulatory gaps being exploited, especially concerning Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT). They're making sure everyone plays by the rules, even when operating outside Singapore.
This is all part of Singapore's effort to address cross-border risks in the crypto space! ๐ฅ
What do you think of this move by Singapore?
Follow for more insights!
#Singapore #CryptoRegulation #AML #CFT #DigitalAssets
๐จ BREAKING: SEC & CFTC Join Forces on Crypto Regulation!
The SEC and CFTC are reactivating their Joint Advisory Committee on Digital Assets to streamline crypto regulations, aligning with the proposed BRIDGE Digital Assets Act by Congressman John Rose.
President Trumpโs administration has also launched a crypto working group, signaling major progress for the industry.
๐ก These steps could bring clearer rules and boost innovationโbullish signs for the crypto market!
#Crypto #SEC #CFT #BRIDGEAct #Regulation
The SEC and CFTC are reactivating their Joint Advisory Committee on Digital Assets to streamline crypto regulations, aligning with the proposed BRIDGE Digital Assets Act by Congressman John Rose.
President Trumpโs administration has also launched a crypto working group, signaling major progress for the industry.
๐ก These steps could bring clearer rules and boost innovationโbullish signs for the crypto market!
#Crypto #SEC #CFT #BRIDGEAct #Regulation
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