Matrixport Chief Compliance Officer: Compliance is an inevitable trend in the global cryptocurrency industry, not just in Singapore

BlockBeats News: On the evening of June 12th, Christopher Liu, Chief Compliance Officer of Matrixport, participated in the "Web3 Paradise End? The AMA states that the Singapore DTSP Act has further improved the regulatory framework for its digital asset sector, and its overall impact on the market is not as severe as rumors from the outside world. As a global compliance hub, Singapore's regulatory policies are both rational and forward-looking. Currently, the demand for licenses in various countries is surging, and compliance in the global encryption industry has become an inevitable trend. The space for unlicensed operations will continue to narrow. According to the new regulations, there are currently 33 licensed institutions that can continue to conduct compliant cryptocurrency finance business both within and outside Singapore.