Matrixport's Chief Compliance Officer: Not just Singapore, compliance is an inevitable trend in the global encryption industry.

2025-06-12 12:24:06

On June 12, Christopher Liu, Chief Compliance Officer of Matrixport, stated during an AMA hosted by Rhythm BlockBeats titled “Is the Web3 Paradise Coming to an End? The True Impact of Singapore’s DTSP Bill” that the Singapore DTSP Bill further improves the regulatory framework for its digital asset sector, and the overall impact on the market is not as severe as the rumors suggest. As a global compliance high ground, Singapore’s regulatory policies are both reasonable and forward-looking. Currently, the demand for licenses is surging in various countries, and the compliance of the global encryption industry has become an inevitable trend, with the space for unlicensed operations continuing to narrow. According to the new regulations, there are currently 33 licensed institutions that can continue to conduct compliant encryption financial operations within and outside of Singapore.

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