Monetary Authority Of Singapore To Help Crypto Firms Open Bank Accounts

News, Regulation | October 10, 2018 By:

The Monetary Authority of Singapore (MAS), the country’s central bank, is willing to help cryptocurrency startups in receiving domestic banking services.

In an interview with Bloomberg, MAS managing director Ravi Menon said that they are trying to bring the banks and cryptocurrency startups together to see if there is some understanding they can reach.