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Singapore floats tough new measures for crypto trading

Singapore financial district skyline
Photo: Getty Images

Martin Cloake

2 min read
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Monetary Authority of Singapore aims to reduce risk of consumer harm while encouraging innovation.

Requiring retail customers to demonstrate a set standard of knowledge before being accepted, preventing issuers from introducing certain activities, and the establishment of capital and reserve requirements for stablecoin issuers are among the tough measures floated by the Monetary Authority of Singapore (MAS) in two consultation papers on crypto regulation

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