The Monetary Authority of Singapore (MAS) is considering the introduction of additional consumer protection safeguards on cryptocurrencies, the country’s Minister in charge of MAS Tharman Shanmugaratnam said.
Shanmugaratnam, responding to a written query from Murali Pillai, a Member of Parliament, saying the additional safeguards for consumers would include placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.
