How to deposit and withdraw cryptocurrency on Independent Reserve using an external crypto wallet
Since January 2020, the Monetary Authority of Singapore (MAS) has enforced the crypto travel rule aimed at preventing money laundering and countering terrorism financing in the Digital Payment Token services sector. The crypto travel rule in Singapore is a global recommendation made by the Financial Action Task Force and implemented in Singapore through MAS’ Notice PSN02 and was further specified by MAS' Guidelines to Notice PSN02. The Notice outlines the responsibilities of Virtual Asset Service Providers (VASPs), such as Independent Reserve, when handling clients' crypto transactions.