Singapore's financial watchdog considers further restrictions on crypto
Cointelegraph
Published Jul 04, 2022 01:15PM ET
Updated Jul 05, 2022 03:20PM ET
The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers.
According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation” for crypto investors as well as introducing rules on the use of leverage for crypto transactions. Shanmugaratnam also called for regulatory clarity among financial regulators around the world, “given the borderless nature of cryptocurrency markets.”
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Written By: Cointelegraph
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