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Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses

Ravi Menon has said he “would not blame” banks for not serving crypto clients, but an “understanding” could be reached. The head of Singapore’s financial regulator and de facto central bank said he wants to “bring together” banks and crypto businesses after complaints about banking support, Bloomberg reports Wednesday, Oct. 10. Speaking in an interview, Monetary Authority of Singapore (MAS) managing director Ravi Menon appeared to consider the creation of a balanced regulatory environment for incoming crypto entities. “What we are trying to do is to bring the banks and cryptocurrency fintech startups together to see if there is some understanding they can reach,” he told the publication, adding: “The nature of this business is a bit different, so banks may need to employ other ways in which they can establish bona fide. I hope we can bring minds together on this so that we can get over this hurdle.” Singapore has made a name for itself in recent years as a broadly welcoming jurisdicti..

ChangeNOW Partners with Exodus Wallet for Smooth and Seamless Exchange of...

Advertisement This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. ChangeNOW, one of the leading instant crypto exchange services on the market, is thrilled to announce its partnership with, the all-in-one wallet to secure, manage, and exchange blockchain assets. Together, Exodus customers can experience smooth and seamless exchanges without having to leave the security and comfort of their wallet. ChangeNOW offers a user-friendly platform with a limitless non-custodial exchange mechanism that boasts more than 150 cryptocurrencies available for swapping in just a few simple steps. Exodus encrypts your private keys and transaction data locally within a beautif..
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