The Monetary Authority of Singapore (MAS) unveiled the final phase of its crypto service provider regulations, emphasizing a cautious approach to curb speculative retail trading. These guidelines restrict financing, margin transactions, and incentives for customers, prohibiting local credit card payments and prioritizing risk awareness. While slightly less stringent, the MAS remains firm against speculative trading, albeit considering industry feedback in certain areas, with rules set for gradual implementation by mid-2024.
Singapore Central Bank Rules to Discourage Crypto Speculation, Ease Investment Qualifications
