SKHTU Exchange Engages with Singapore Regulatory Authority on MAS License Application

DENVER, June 15 (Bernama) -- Recently, the Monetary Authority of Singapore (MAS) has continuously strengthened its review standards for digital asset platforms, covering multiple aspects including customer identity verification, source of funds examination, transaction risk monitoring, and system security. SKHTU Exchange is currently communicating and aligning with the local regulatory framework, making final preparations for the MAS license application.

It is understood that SKHTU Exchange has recently conducted an internal assessment regarding the relevant regulatory requirements of the Monetary Authority of Singapore (MAS). It has also confirmed with local compliance advisory teams to further align the platform business processes with regulatory standards. Currently, the platform is focusing on optimizing the KYC verification mechanism, the AML anti-money laundering system, user asset segregation, and internal risk management procedures.