Singapore banks are working with the city-state’s authorities to set uniform standards on screening potential customers from the crypto and digital assets sectors, amid various global fallouts in the industry. The lenders are collaborating with the central bank and police to fine-tune their vetting approach when opening accounts for service providers in all types of digital assets, according to people with knowledge of the matter. The industry-driven project has been ongoing for about six months, and a report outlining best practices in areas like due diligence and risk management may be published in the next two ... (full story)