Today news
About the same in other media
Singapore to Invest in the Future with 'Strong Regulation' of Crypto
Reading now: 791
In a sign of increasing competition among crypto-friendly jurisdictions, Singapore aims to lure crypto businesses from across the world and is determined to develop “strong regulation” to ensure regulatory clarity and enforce compliance, according to Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS).
Instead of combating the spread of crypto companies, the Singaporean regulator prefers to put in place regulations allowing companies that meet the MAS’s requirements and address the identified risks to operate, he told Bloomberg.
“With crypto-based activities, it is basically an investment in a prospective future, the shape of which is not clear at this point,” the managing director was quoted as saying.
According to
Read more on cryptonews.comAbout this in other media
Did DEXs just make a strong comeback in their battle with CEXs ambcrypto.com /2 years ago
Metaverse grabbing eyeballs, Morgan Stanley calls it ‘next big investment theme’ ambcrypto.com /2 years ago
Sculpting the future of business payments starts with a digital currency alternative to Visa and PayPal cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
