🇸🇬 Singapore's Monetary Authority (MAS) has directed cryptocurrency service providers to deposit customer assets into a statutory fund by year-end for increased protection.

MAS has also limited these providers from facilitating token lending and staking for retail clients, while exempting institutional and accredited investors from these restrictions.

Singapore's central bank is seeking public input on legislative changes related to these requirements. MAS may review its stance on the restrictions in the future.

#Singapore #CryptoRegulation #MAS

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