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Singapore has broadened the scope of its digital-asset regulations to include the custody of tokens and a greater number of firms involved in fund transfers. This expansion is part of the country's efforts to enhance user protection within the crypto space. The move reflects a growing recognition of the need for effective regulation and supervision in the face of new sources of risk and the advent of central bank digital currencies.
Singapore widens crypto regulation, introduces enhanced user protection requirements https://t.co/0h6Ux2dpcG
Singapore expands the scope of its digital-asset rules to cover the custody of tokens as well as more firms involved in fund transfers https://t.co/5V8NZ2lkwc
#ExpressView | From changes in payment mechanisms, and the central bank digital currency, to new sources of risk and ensuring effective regulation and supervision, the central bank must be ready for unforeseen events https://t.co/xIrZD1CmCf
