Singapore may soon require retail investors to pass an assessment and refrain from using leverage or credit while trading in cryptocurrencies. This was proposed as part of a series of strict measures from the Monetary Authority of Singapore (MAS) to raise citizens' awareness of the risks associated with volatile assets.
In a set of consultation papers, the MAS expressed concerns that many retail customers may “not have sufficient knowledge of the risks of trading" digital payment tokens, which could cause them to "take on higher risks than they would otherwise have been willing, or are able to bear."
