Singapore has solidified its position as Asia’s crypto hub, with over 26% cryptocurrency ownership by 2024, up from 24.4% in the previous year. The Singapore Monetary Authority (MAS) made the city-state a leading hub for crypto innovation. Its proactive regulatory shifts in 2024 included rolling out stronger crypto regulations, redefining everything from custody rules to conflict-of-interest policies, making their framework balanced for innovation and security.
Since it is one of the most crypto-friendly countries with a fast-paced adoption, traditional financial service providers such as banks can’t resist the revolution. The Payment Services Act (PSA) licensing, KYC/AML, reporting, and custody mandates ensure that institutions like banks can participate in the digital asset economy. A MAS-compliant white label cryptocurrency exchange from a top-notch provider enables institutions to launch scalable, secure, and future-proof crypto services. Let’s explore how…
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