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Singapore to tighten crypto regulations for retail customers

Posted on AllSides November 23rd, 2023
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A woman rides her bicycle with the Marina Bay Sands hotel and high-rise buildings in the background in Singapore on Sept. 4, 2023. Singapore will introduce tighter rules for cryptocurrency service providers, following feedback on its proposed regulations, said the city-state's financial authority. "The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm," the Monetary Authority of Singapore said in a statement on Thursday. The measures will include barring crypto service providers in Singapore from accepting locally issued credit card payments, offering incentives to trade...

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https://cnbc.com/2023/11/24/singapore-to-tighten-crypto-regulations-for-retail-customers.html

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