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Singapore asks crypto firms to deposit customer assets in a trust, restricts lending, staking services to retail users
- linkweb3
- 2023-07-03
- 3994
- Newsletter
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Summary:Cryptocurrency service providers in Singapore will have to keep customer assets under a statutory trust before the end of the year, for safekeeping purposes, the city state’s central bank announced Monday.
Cryptocurrency service providers in Singapore will have to keep customer assets under a statutory trust before the end of the year, for safekeeping purposes, the city state’s central bank announced Monday.
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