MAS to broaden scope of crypto rules
28/07/2022
The Monetary Authority of Singapore (MAS) is targeting to consult on its proposed measures around September or October this year to broaden the scope of cryptocurrency regulations to cover more activities and possibly tighten retail investors’ access to the digital tokens.
Singapore will likely see an increase in the number of entities that require licensing.
Presently, reviews and public consultations are under way among international regulators to strengthen regulation in consumer protection, market conduct and reserve backing for stablecoins.
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