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Singapore Crypto Association Launches Code of Practice
The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS) has developed a Code of Practice in partnership with multinational law firm Linklaters. A Global Legal Post report published Aug. 19 revealed that ACCESS had the support of the Monetary Authority of Singapore (MAS) — the country’s central bank and regulatory authority — and also consulted the Association of Banks in Singapore to launch the new initiative. Tackling AML/CFT Risks The new Code of Practice falls within the scope of ACCESS’ “Standardization of Practice in Crypto Entities,” which provides detailed anti-money ... (full story)