What Drives Regulatory Compliance in Southeast Asia’s Crypto Market?
Regulatory compliance is not just formalities in Southeast Asia’s cryptocurrency exchanges; it’s the bedrock of user trust. With countries like Singapore and Thailand paving the way with transparent regulations that prioritize consumer protection and financial stability, exchanges have a framework to instill confidence in their operations. Clear rules help protect users from fraud and instability, enhancing the exchange’s credibility.
Take Singapore, for instance. Its Monetary Authority has put forth guidelines demanding that exchanges adhere to anti-money laundering (AML) and counter-terrorism financing (CTF) measures. It’s this legal clarity that makes the trading ground safer, attracting both local and international investors to the…
