ICYMI: Singapore could implement rules related to margin trading cryptoregulation $BTC $ETH $SHIB
to a question from MPs regarding future restrictions on crypto trading platforms and high-risk assets, said that the MAS could impose restrictions on individuals' participation in the crypto market, as well as implement rules related to margin trading.
In his address to Parliament, Tharman Shanmugaratnam also said that over the past five years, Singapore has consistently pursued a policy of restricting citizens in cryptocurrency transactions, prohibiting the advertising of crypto services in public places, as well as the installation of crypto ATMs there.
According to the minister, while all cryptocurrency companies in Singapore must follow the January MAS guidelines, the regulator, under the PS Act , may imposein order to protect customers and ensure the stability of the financial system. At the same time, the MAS head called for universal global cooperation on the issue of crypto market regulation, referring to the fact that cryptocurrencies themselves have no borders.
on the crypto market, it seems that Singaporean banks will take the opportunity to try to build something that meets MAS requirements and is at the intersection of centralized and decentralized finance.Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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