As a risk management measure, it will discount BTC and ETH values by 50% and USDC by 10% to calculate the net personal assets of investors.
Singapore’s ADDX Recognizes BTC, ETH, USDC for Onboarding of Accredited Investors
Lately, Singapore has seen significant buzz around the digital assets ecosystem. On Monday, Jack Ma’s Ant Group announced theAbout a week ago, Singapore’s central bank — the Monetary Authority of Singapore — Referring to a Gemini survey, the private capital market platform noted that crypto ownership rates have risen to over 80% worldwide in 2021. “Ownership rates have hit 30% in Singapore, 24% in Hong Kong, 20% in the US, 18% in the UK, and 17% in Germany,” it adds.“In line with regulations, ADDX will implement appropriate risk management measures that take into account the price volatility of crypto assets.
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