Matrixport’s Chief Compliance Officer, Christopher Liu, addressed the evolving regulatory landscape during a recent AMA hosted by COINOTAG. He emphasized that Singapore’s Digital Token Services Provider (DTSP) Act introduces a more precise and structured framework for the digital asset industry, countering exaggerated market concerns. Singapore continues to solidify its position as a global compliance hub by implementing pragmatic and progressive policies that support sustainable growth in crypto finance.
The increasing global demand for licensing highlights a significant shift toward regulatory adherence within the cryptocurrency sector. Liu noted that the tightening of compliance standards is an inevitable trend, which will reduce the prevalence of unlicensed operations worldwide. Currently, Singapore has authorized 33 licensed entities to operate crypto financial services, both domestically and internationally, ensuring a secure and transparent environment for investors and businesses alike.