In this episode, guest speaker Chris Holland, Co-Founder and Partner at the Singapore-based full-service compliance consultancy firm, Holland & Marie presents an informative overview of Singapore’s infrastructural and regulatory merits and enabling business ecosystem for game-changing innovations that make the jurisdiction so attractive for the incubation and gradual expansion of cryptocurrency amongst businesses and the general public. Based on this contextual understanding, he goes on to explain how the Monetary Authority of Singapore (MAS) identified 4 key risks associated with the rise of cryptocurrency use within the nation, namely the loss of customer monies, money laundering and terror financing risks, fragmentation across payment solutions and technology risks. Based on these risks, Chris explains the rationale of the MAS behind Singapore’s Payment Services Act describing in detail the terms and conditions of the evolving legislation as well as what it means for all businesses and investors involved.