Singapore’s Central Bank Bans Crypto Founders from Financial Markets

Singapore’s Central Bank Bans Crypto Founders from Financial Markets

Singapore’s central bank, MAS, has banned Three Arrows Capital founders for nine years due to breaches including false information. Key Points Singapore’s central bank, the Monetary Authority of Singapore (MAS), has taken action against Three Arrows Capital, one of the major cryptocurrency firms, by banning its founders from participating in financial markets within the city-state for a period of nine …

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Singapore Regulators to Develop Guidelines for Banks on Screening Crypto Clients

Singapore Regulators to Develop Guidelines for Banks on Screening Crypto Clients

According to Bloomberg, Singapore regulators are working with police to develop uniform guidelines for banks to aid in screening potential crypto clients. The guidelines aim to help banks optimize their procedures for vetting potential crypto clients who want to open accounts. The Monetary Authority of Singapore (MAS) and police have been working with lenders in the city-state to establish uniform …

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