With 2020 just around the corner, Bitcoin (BTC), cryptocurrency, blockchain and Fintech companies in Singapore are gearing up, as the local market shifts its focus towards developing greater accountability and consumer protection in blockchain, as well as the wider Fintech space.
Much of 2019 has already seen Singapore taking on a well-balanced approach towards regulations and effective incentive schemes in enabling technological innovations - both financial and non-financial - for the local market. This has led to an influx of blockchain companies looking to make Singapore their regional homeground.
With more regulatory projects - like the upcoming Payment Services (PS) Act proposed by the Monetary Authority of Singapore (MAS) - predicated around conduciveness for innovation, 2020 will likely see Singapore further strengthening its global position as not only a Fintech Hub but a Blockchain Hub as well.
As a homegrown wallet service from Singapore, Coinhako remains ahead of the curve in ensuring access to BTC, Ethereum (ETH), Ripple (XRP), Cryptocurrencies and Blockchain Technology for all Singaporeans.
Since 2017, we have been taking gradual steps towards a smooth transition for all our users into this exciting next phase of the blockchain market, as well as in support of the local movement towards building a safer and more accountable Singapore blockchain landscape.
As an active Coinhako user, you should have already experienced a series of changes through much of 2019. With so many other exciting developments lined up, we thought you should know about what else is to come!
Here is what to expect in the upcoming months!
🌟Easier and improved identity verification at Coinhako
As Identity Verification or Know-Your-Customer (KYC) processes play an integral part in combating money-laundering, and ensuring accountability in our financial system, Coinhako constantly strives to align with the latest regulatory policies with industry best KYC practices to ensure continued access for all Singaporeans to cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and more.
A series of updates will be made to our verifications that will prevent any disruptions for you and smoothen your cryptocurrency - like BTC, ETH, XRP and many more - trading experience at Coinhako.
Complete the current Identity Verification now to reduce any future hassles!
🌟Improved market access
At Coinhako, we firmly believe that a sound regulatory framework governing the local blockchain market, as well as the wider Fintech landscape, opens up the blockchain space to new channels of communications with other markets. This will in turn lead to new forms of collaborations for the benefit of our users and the marketplace.
As a company, our mission has always been to accelerate access to BTC, ETH, XRP, and as many cryptocurrencies as possible. With all these developments, we are positive that greater opportunities to grant our users access to entry and exit points to the cryptocurrency market will present themselves.
🌟'Top-of-the-class' cryptocurrency trading
The upcoming regulatory updates in Singapore also work to ensure the development of a local marketplace that holds 'Top-of-the-class' cryptocurrencies, blockchain and digital assets for Singaporeans.
As a company, we will continue to support as many tokens as possible - with our supported fiat currencies of the Singapore Dollar (SGD), Vietnamese Dong (VND) as well as Indonesian Rupiah (IDR) - for trading while ensuring that the sentiments of the local regulatory landscape are reflected.
Watch this space for more updates! 2020 is looking to be an exciting year for not only Coinhako - but the local blockchain landscape as well.
*The information presented on this article does not constitute as investment advice and is purely for educational and/or informational purposes.
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