Singapore to introduce uniform screening standards for crypto bank accounts By Cointelegraph

Singapore regulators are working with traditional banks to develop uniform standards for screening potential customers from the crypto industry. The collaboration has been ongoing for the last six months.

According to a Bloomberg report from April 6, the Monetary Authority of Singapore (MAS) has been working alongside the police forces to help local banks optimize their procedures for opening accounts of digital asset service providers. After half a year of cooperation, its results and conclusions for risk management and due diligence will be published in the next two months.