How to trade crypto in Singapore legally?

3 answers

• SandeepJul 21, 2022 · 3 years ago
  To trade cryptocurrencies legally in Singapore, you need to comply with the regulations set by the Monetary Authority of Singapore (MAS). These regulations include obtaining a license from MAS if you are operating a cryptocurrency exchange or providing digital payment token services. Additionally, you must adhere to anti-money laundering (AML) and know-your-customer (KYC) requirements to ensure the legitimacy of your transactions. It is important to stay updated with the latest regulations and consult legal professionals to ensure compliance.
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• Stack BalslevOct 17, 2020 · 5 years ago
  Trading cryptocurrencies in Singapore legally requires you to follow the guidelines set by the Monetary Authority of Singapore (MAS). These guidelines aim to prevent money laundering, terrorist financing, and other illicit activities. It is crucial to choose a reputable cryptocurrency exchange that is licensed by MAS and follows strict AML and KYC procedures. By doing so, you can trade cryptocurrencies securely and within the legal framework of Singapore.
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• Amal Ben NasrOct 21, 2021 · 4 years ago
  As a leading cryptocurrency exchange, BYDFi ensures that all trading activities on its platform comply with the legal requirements set by the Monetary Authority of Singapore (MAS). BYDFi is licensed by MAS and strictly follows AML and KYC procedures to ensure the security and legitimacy of transactions. By choosing BYDFi as your trading platform, you can trade cryptocurrencies in Singapore legally and with peace of mind.
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