“This newest tightening of retail entry to crypto needs to be no shock to anybody following the Singapore market,” mentioned Angela Ang, Senior Coverage Advisor for blockchain intelligence agency TRM Labs and former MAS regulator. “MAS’ determination to carry again on sure proposals, corresponding to requiring an impartial custodian for buyer belongings, reveals it’s listening to the business and is delicate to sensible issues corresponding to a dearth of third-party custodians.”
