Singapore regulators mulling more restrictive crypto policies

Quick Take

  • The Monetary Authority of Singapore (MAS) could move to limit retail participation in crypto, according to a new statement.
  • Singapore’s regulator has been expanding its oversight of the country’s crypto space.

The Monetary Authority of Singapore (MAS) says it is considering more restrictive crypto regulations, the financial regulator stated in a letter to the country’s parliament dated July 4.

According to Tharman Shanmugaratnam, senior minister and minister in charge of MAS, the regulator is considering measures that will offer more protection to retail participants in the crypto market.

“These may include placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies,” the letter stated.

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