MAS Proposes Less Restrictive Measures for Cryptocurrencies, Shows Willingness to Consider Industry Feedback

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MAS, the Monetary Authority of Singapore, is moving forward with its proposals regarding speculative retail trading. The organization has consistently taken a strong stance against this type of trading. However, they have made some adjustments to their measures, showing that they are open to industry feedback. One notable change is the inclusion of cryptocurrencies in determining customers’ net worth, which is slightly less restrictive than initially proposed. This demonstrates that MAS is willing to listen and consider different perspectives. Overall, MAS is taking a balanced approach to regulating speculative retail trading.

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