Singapore’s central bank and regulator, MAS, plans to take new measures against risks in the cryptocurrency market.
According to the statement made today by Tharman Shanmusgaratnam, the director of MAS, the central bank new restrictions on cryptocurrency transactions by unqualified investors can bring.
Among the plans of MAS, with leveraged transactions in the cryptocurrency market relevant rules tighten exists.
Shanmusgaratnam, in his speeches in the parliament, as the central bank whether to more tightly control cryptocurrency trading platforms He also answered a question about the
“MAS has warned since 2017 that cryptocurrencies are not a viable investment option for individual investors. Most cryptocurrencies experience sharp, speculative fluctuations in their price. Recent events, with many cryptocurrencies depreciating significantly, have further exposed these risks.”