MAS to Crack Down on Cryptocurrencies? | Crypto

MAS to Crack Down on Cryptocurrencies?

The Monetary Authority of Singapore (MAS) is planning to implement additional regulatory steps In The cryptocurrency industry.
– these steps include consumer suitability tests, monitoring of retail sector engagement with Crypto, and cut The use of leverage and credit facilities by retail investors For trading digital assets.
– The agency is also considering banning retail access to cryptocurrencies.
– The MAS is planning to consult on The amendments by October This year.

Singapore min MAS to Crack Down on Cryptocurrencies?

Leave a Reply

%d bloggers like this: