Cryptocurrency Association of Singapore to launch Code of Practice

The cryptocurrency association of Singapore, known as the Association of Cryptocurrency Enterprises and Startups (ACCESS), is introducing best practices guidelines for the virtual asset industry. For a long time, the cryptocurrency space has been rife with malpractices and fraudulent activities. Having been an overriding concern for governments of many countries, Singapore is making sure it is not getting outrun when it comes to tightened regulatory scrutiny. As far as virtual currencies are concerned, Singapore’s ACCESS is leaving no stones unturned to curb money laundering and funding of terrorist activities. In the latest report published by the Global Legal Post, ACCESS,