Singapore Crypto Association ‘ACCESS' Releases Its Own Code For Good Practices

The Singaporean Association of Cryptocurrency Enterprises and Startups (ACCESS) has recently partnered with Linklaters, an international legal company, in order to write and publish its Code of Practices. ACCESS was fully supported by the local regulator, the Monetary Authority of Singapore, in order to launch this new document.

The new code will define the good practices in the industry, which should be followed by the members of the organization. The main idea was to standardize the good practices and to help companies that didn’t know how to proceed in some important topics.

For instance, the project provides a very detailed Anti-Money Laundering (AML) guideline that should be used by the companies to become fully legalized and not have any kind of issue with the regulators. Another reason for the creation of the code is to tackle any concerns that the government or local companies could have with proper compliance.

Linklater’s head of financial regulations Peiying Chua has affirmed that this has the potential to be an industry-changing initiative that will certainly improve the quality of the services that are being offered in the country and will help Singapore’ s reputation to become more famous.

ACCESS’ chairman Anson Zeall has also commented on the launch. He affirmed that Singapore will become more competitive internationally with the help of the new measures and that following the best practices will help businesses to cut down their costs and to stand out in the sector internationally.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Hank Klinger
Hank Klinger
Hank Klinger has been working online for seven years now. He has written for several national companies. Hank has been a part of our team for over three years, reviewing ICOs, new cryptocurrencies and helping us keep up to date with industry news. His primary knowledge is in marketing, sales, and advertising, and he uses that knowledge to research and pick out reliable sources of information to use as a basis for his writing.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,485FansLike
2,795FollowersFollow
4,262FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

VeChain Joins China Animal Health and Food Safety Alliance (CAFA)

VeChain has joined the China Animal Health and Food Safety Alliance (CAFA) as one of its council members and will be providing them technical...

Coinbase Pro to Pass the Rising Network Fees Onto The Customer During Withdrawals

The launch of UNI, the governance token of Uniswap DEX, is having a big impact on the Ethereum network. The good thing is the price...

Homeland Security Calls On Freelancers to Design A Digital Wallet Interface; $25k to Finalists

The Science and Technology Directorate (S&T) division of the US Department of Homeland Security has allocated up to $25,000 in prizes as an...

BoE Explores Negative Rates; Bitcoin Is A ‘Must' Because Fiat is a ‘Giant Ponzi Scheme'

The Bank of England (BoE) is exploring negative interest rates now and in response Sterling weakened sharply. The pound dropped 0.7% against the dollar after...

Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption'

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today