Singapore’s crypto crackdown may move towards limiting retail participation and reducing leverage limits for margin trading.
The Monetary Authority of Singapore could move to limit retail participation in crypto, according to a new statement.The Monetary Authority of Singapore says it is considering more restrictive crypto regulations, the financial regulator stated in aAccording 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. The letter signals the MAS plans to further its policy of strict crypto market oversight. The regulator on crypto marketing campaigns at the start of the year and has enacted a licensing regime for cryptocurrency businesses in the country.
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