Singapore to Aid Crypto Firms to Open Local Bank Account

Singapore to Aid Crypto Firms to Open Local Bank Account

In order to improve the financial market, the Managing Director of Monetary Authority of Singapore, Ravi Menon, has made it clear that an unfriendly regulatory environment will only repel the emerging industry from developing in the country. Hence, the financial regulator is to help the cryptocurrency firm set-up their local banks in the country.

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