CoAssets in the crosshairs of MAS, CAD on ‘suspected misconduct’

Nydia Remolina, Research Associate at the SMU School of Law’s Centre for AI and Data Governance, said that the CoAssets saga is "one of the major cases of fintech investigation in Singapore", but not the first time regulators have intervened in the fintech space. With the evolution of fintech, "a closer look at the corporate governance of fintech companies and the risks potentially created by often complex corporate structures" is needed, she said. "This is a conversation that is just unfolding in the fintech space and will probably be accelerated because of cases like this," she added