Overview of Financial Action Task Force (FATF)
Do custodian wallets have to comply with the Travel Rule in Singapore?
"[T]he Travel Rule applies to payment service providers when sending or receiving one or more digital payment tokens by value transfer on account of the originator or beneficiary of the value transfer."
"This means that any cryptocurrency transaction on behalf of a customer should follow the MAS established Travel Rule requirements, in line with the updated Recommendation 16 for wire transfers."