Singapore Tightens Crypto Oversight for Banks Ahead of Basel Rules

Singapore is increasing oversight of banks with cryptocurrency exposure as regulators prepare for stricter global banking standards. The Monetary Authority of Singapore (MAS) has instructed locally incorporated banks to disclose their crypto holdings and engage with the regulator on risk treatment before new prudential rules take effect.  Although MAS postponed the Basel-aligned framework until January […] Read The Full Article Singapore Tightens Crypto Oversight for Banks Ahead of Basel Rules On Coin Edition.