Knowledge Highlights 19 April 2022
Allen & Gledhill Partner Adrian Ang and Associate Alexander Fong co-authored “FinTech developments in Singapore: Wealth structuring and digital payment token services”, published by IFC Media.
The task of structuring and managing wealth involves the offering of a comprehensive suite of products and services, providing a myriad of solutions relating to the sale, purchase, exchange, transfer and custody of different asset types. Depending on the characterisation of such assets, and the risks arising out of providing such services, these activities may be regulated by the competent authorities in a given jurisdiction. This article focuses on regulatory developments in Singapore specific to cryptocurrencies, and how wealth structuring and management services provided in relation thereto would be regulated, both currently and in the near future.