The Monetary Authority of Singapore (MAS) has raised the risk level for cryptocurrency platforms from "medium-low" to "medium-high" as part of an update to its terrorism financing laws. 📈 This update aims to prevent terrorist groups from exploiting Singapore's economic openness. Cryptocurrency platforms, known as digital payment token (DPT) service providers, have experienced increased risk. The latest changes for crypto platforms come shortly after a report flagged digital payment tokens as high-risk.