Singapore is now known popularly as the blockchain and crypto hub of Southeast Asia. Singapore’s measured responses to the development of such technologies have been seen as welcoming. Banks here are expected to establish suitable procedures and controls, including those governing customer transactions and relationships, and to comply with customer due diligence requirements of Monetary Authority of Singapore (MAS) rules on preventing money laundering and the financing of terrorism. MAS will regulate the offer or issue of digital tokens if they constitute products regulated under the Securities and Futures Act. It doesn’t regulate virtual currencies per se, a similar position to that taken by central banks and regulators in other countries.
MustLoveCoin has listed companies that are issuing their own crypto currency with the use of blockchain technology currently based in Singapore or had made Singapore their platform to facilitate collaboration between all market participants and stakeholders in the FinTech ecosystem.