#BTC #ETH #BNB

The central bank of Singapore announced a series of regulatory updates that will be gradually implemented until June 2025, aimed at enhancing the protection of individual investors and regulating the cryptocurrency market.

These changes will impact the cryptocurrency market by forcing companies to strengthen compliance controls, which may lead to the withdrawal of some companies that are unwilling to fully comply.

While the measures aim to reduce risks for individual investors, especially after events such as the FTX collapse in 2022.