Singapore Warns 8 Crypto Exchanges Against Unauthorized Securities Trading
Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Singapore’s central bank and financial regulator has warned eight crypto exchanges against facilitating the trading of digital tokens deemed as securities and futures contracts without prior approval. In an announcement today, the Monetary Authority of Singapore (MAS) revealed it had reminded eight unnamed crypto trading platforms to seek its authorization prior to offering any trading of digital tokens that ‘constitute’ securities or digital tokens. “If the digital tokens constitute securities or futures contracts, the exchanges must immediately cease...
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