Cryoto Currency

Cointelegraph: Singapore MAS proposes to ban cryptocurrency credit


Singapore MAS proposes to ban cryptocurrency credit

In the wake of the bankruptcy of the Singaporean cryptocurrency hedge fund, the Monetary Authority of Singapore is proposing better regulation of the cryptocurrency market Three Arrows Capital (3AC).

The central bank of Singapore has issued two consultation papers on proposals for regulating the operations of digital payment token service providers (DPTSP)​​ and Stablecoin Under the Payment Services Act, issuers.