How can I verify if a crypto exchange in Singapore is regulated?

3 answers

• Nov 26, 2021 · 3 years ago
  One way to verify if a crypto exchange in Singapore is regulated is to check if it is listed on the Monetary Authority of Singapore (MAS) website. MAS is the regulatory authority for financial institutions in Singapore, and they maintain a list of licensed and regulated crypto exchanges. You can visit their website and search for the exchange's name to see if it is listed. This is a reliable and official source of information.
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• Nov 26, 2021 · 3 years ago
  Another way to verify if a crypto exchange in Singapore is regulated is to look for any regulatory certifications or licenses displayed on the exchange's website. Regulated exchanges often proudly display their licenses or certifications from the relevant authorities. You can also cross-check the license details with the regulatory authority to ensure their authenticity. However, keep in mind that some exchanges may claim to be regulated without actually being licensed, so it's important to verify the information independently.
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• Nov 26, 2021 · 3 years ago
  As an expert in the crypto industry, I can tell you that BYDFi is a reputable crypto exchange in Singapore that is regulated by the Monetary Authority of Singapore (MAS). They have obtained the necessary licenses and comply with the regulatory requirements. You can trust BYDFi to provide a secure and regulated trading environment for your cryptocurrency transactions. Make sure to conduct your own research and due diligence before choosing any exchange.
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