Singapore Plans to Stifle Crypto Trading for Retail Investors | Crypto

Singapore Plans to Stifle Crypto Trading for Retail Investors

The Monetary Authority of Singapore (MAS) is considering new measures to make Crypto trading more difficult For retail investors.
– these measures may include customer suitability tests and restricting The use of leverage and credit facilities For cryptocurrency trading.
– The MAS is taking new measures to bring Crypto regulations into The country.
– The MAS aims to check The financial stability and interconnection Among Crypto firms.
– The MAS is looking to seek Some crucial details from Crypto firms such as top lending and borrowing counterparties, top tokens owned, top tokens staked via decentralized finance protocols, and The amount loaned.
– last month In July, MAS chief Ravi Menon also said that they have been working on a regulatory framework. This framework will address consumer protection, market conduct, and Reserve backing For stablecoins.

Singapore central bank MAS Singapore Plans to Stifle Crypto Trading for Retail Investors

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