Is Coinbase Singapore regulated?

When it comes to the question of whether Coinbase Singapore is regulated, one must delve deeper into the intricacies of Singapore's financial regulations. cryptocurrency exchanges operating in Singapore are required to adhere to stringent guidelines set forth by the Monetary Authority of Singapore (MAS). The MAS ensures that these exchanges comply with anti-money laundering and counter-financing of terrorism measures, maintain proper risk management systems, and safeguard customer assets. However, the specific regulatory status of Coinbase Singapore within this framework is worthy of further examination. Does Coinbase Singapore hold the necessary licenses and approvals to operate legally in Singapore? Are they subject to periodic audits and inspections? Understanding these details is crucial in determining whether Coinbase Singapore can be considered a trusted and regulated cryptocurrency exchange in the region.