Exploring Singapore’s Blockchain Landscape: Future, Tech, and Challenges

“New York-based crypto exchange, Gemini, is ending its operations in the Netherlands due to inability to meet the regulatory requirements. However, it plans to return once it aligns with the new crypto-asset rules under the Markets in Crypto-Assets Regulation (MiCA).”

“This article explores the complexities of crypto custody, discussing two alternatives – self-custody and ‘custody as a service’. It highlights the challenges faced in each approach, the regulatory landscape, and the importance of transparency and reliability. It asserts that, despite its intricacies, with careful scrutiny, crypto custody can deliver more safety, transparency, and cost-effectiveness than traditional models.”

US House Representatives highlight regulatory gaps in the country’s crypto framework compared to advanced systems like the EU’s MiCA and UK’s digital asset regulation. Upcoming Congress hearings could shape the future of US digital asset regulation, fostering a clearer, comprehensive regulatory landscape.