MAS' Proposed Investor Protection Measures: A New Dawn for Singapore's Crypto Space?

The Monetary Authority of Singapore (MAS) has recently unveiled a set of investor protection measures that are set to reshape the digital asset industry in Singapore. The new regulations, which require crypto service providers to deposit customer assets under a statutory trust by the end of the year, are designed to mitigate the risk of loss or misuse of customers' assets and facilitate recovery in the event of a service provider's insolvency.