Giulia
Fri Jun 07 2024
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7 answers
1617
Is crypto legal in Singapore?｜, but the parties that carry on business activities in relation to such cryptocurrencies would have to ensure compliance with the applicable laws. Cryptocurrencies that exhibit the features of products regulated under Singapore law are not prohibited in Singapore
Could you please clarify the legal status of cryptocurrencies in Singapore? I've read that while cryptocurrencies are not prohibited, businesses engaging in activities related to them must comply with applicable laws. Could you elaborate on this? Are there specific regulations or frameworks that businesses need to adhere to? Also, are there any particular cryptocurrencies that are not allowed in Singapore due to their features? Thank you for your assistance in clarifying this matter.
