📊 KEY SINGAPORE CRYPTO REGULATION UPDATES : SEP 2024 📈

The Monetary Authority of Singapore (MAS) has finalised access measures for crypto retail investors, conflicts of interest; takes effective from June 2025!

🔔 Latest As of 19th Sep 2024:

1️⃣ 𝑪𝒐𝒏𝒔𝒖𝒎𝒆𝒓 𝒂𝒄𝒄𝒆𝒔𝒔 𝒎𝒆𝒂𝒔𝒖𝒓𝒆𝒔
These apply to all retail customers. Accredited and institutional investors, as well as other DPTSPs are excluded. Measures include:

✍ A mandatory risk awareness assessment prior to any provision of services. Not only must DPTSPs educate their retail customers on the risks, the customer is required to pass a test to ensure they have understood the risks. Risks covered must be "clear, appropriate and relevant" and DPTSP must not "trivialise" them.

🚫 No referral or sign-up incentives

🚫 No credit lines or any sort of leveraged transactions, including crypto derivatives; no payments via Singapore-issued credit or debit cards

2️⃣ 𝑪𝒐𝒏𝒇𝒍𝒊𝒄𝒕𝒔 𝒐𝒇 𝒊𝒏𝒕𝒆𝒓𝒆𝒔𝒕
The Guidelines detail requirements to identify and mitigate conflicts of interest, such as:

📜 Policies, procedures and mechanisms to identify and mitigate actual and potential conflicts of interest that are commensurate to the complexity, scale and nature of their business, and monitor the effectiveness of these mechanisms. They must also disclose actual and potential conflicts of interest to customers.

🕵‍♂️ Checks and balances, and periodic reviews, of the efficacy of their overall risk management framework.

3️⃣ 𝑶𝒕𝒉𝒆𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒄𝒐𝒏𝒅𝒖𝒄𝒕 𝒎𝒆𝒂𝒔𝒖𝒓𝒆𝒔

These new requirements take effect from 19 June 2025.💪

✅️ Read the full guidelines here:

✅️ Consultation paper and response here:

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