A licensing framework is a structured set of rules, requirements, and procedures that entities must follow to obtain official permission to operate a specific type of business. For digital asset firms, this framework outlines the conditions for offering services like trading, custody, or lending. It establishes regulatory boundaries.
Context
The development and implementation of licensing frameworks are consistently reported in crypto news, as jurisdictions globally strive to regulate the digital asset industry. These frameworks aim to provide legal clarity, protect consumers, and prevent illicit financial activities. The specifics of each nation’s approach often influence where crypto businesses choose to operate.
Singapore's new DTSP framework mandates licensing for all locally-based digital asset firms, including those serving only overseas clients, to mitigate global illicit finance risks.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
