Impacts of Singapore's Financial Services And Markets Bill On Cryptocurrency

04/07/2022 15 min
Impacts of Singapore's Financial Services And Markets Bill On Cryptocurrency

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Episode Synopsis

In February this year, the MAS in Singapore introduced the new Financial Services and Markets Bill 2022 to regulate virtual asset service providers in Singapore. Andrea Ng, partner with Singapore-based law firm Shook Lin & Bok LLP joined us to discuss the potential impact on the crypto market.To find out more about crypto regulations in Singapore, visit https://www.shooklin.com/en/Andrea specialises in trust, asset and wealth management matters with a focus on REITs. She advises on securities, funds, capital markets intermediaries and trusts-related regulatory matters such as capital markets licensing and securities offering requirements, private trusts and wealth management matters. She also advises on the establishment of private funds and handles the full range of fund documentation.Andrea also advises on a wide range of corporate finance matters, such as listed company transactions, as well as general corporate matters, such as private equity investments and start-up funding matters.More recently, Andrea has been advising on regulatory and transactional matters related to virtual assets/digital tokens and in particular, the regulatory regime surrounding token offerings. She has also advised intermediaries operating in the virtual assets/cryptocurrency space such as issuers and platform operators on the relevant licensing and regulatory requirements.

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