• Sun. Sep 25th, 2022

Neonews.online

Actual and verified news from Ukraine and the world

Singapore ponders the suitability of cryptocurrencies

Сингапур обдумывает пригодность криптовалюты для потребителей

Leverage Rules

To lower the risks associated with a sector that is still largely unregulated, the Monetary Authority of Singapore (MAS) is contemplating further measures to protect consumers who trade cryptocurrencies.

Singapore Steps Up Crypto Demand as Firms Prepare for Change

According to Ravi Menon, managing director of MAS, “the new MAS guidelines may include assessing the eligibility of clients and minimizing the use of leverage and leverage by retail investors to trade these digital assets.”

Early adopters of blockchain technology, Singapore has proclaimed its goal of being a center for the cryptocurrency industry. At the moment, the city-state is attempting to strike a fine balance between promoting blockchain innovation and shielding investors from some of the hazards.

Out of nearly 200 applicants, more than 10 firms have received approval to serve as digital service token suppliers so far.

Следите за нами и ставьте лайки:
fb-share-icon

Leave a Reply

Your email address will not be published.

Wordpress Social Share Plugin powered by Ultimatelysocial