MAS doesn’t trust retail crypto investments, mulling more regulations

2022.08.29 23:25

MAS doesn’t trust retail crypto investments, mulling more regulations

The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29.

The public claimed that local regulators were spreading crypto-positive sentiments while simultaneously threatening more regulations. According to the new statement from Menon, the observation is not entirely wrong. He says the agency needs to do “a better job explaining” the situation.

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