12 Jan '18, 1pm

Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies

Singapore to Extend Regulatory Mandate Regarding Cryptocurrencies

Mr. Shanmugaratnam’s comments comprise an apparent change in the position of the MAS with regards to the cryptocurrencies, as the MAS chairman has previously stated that the MAS will not seek to regulate virtual currencies, except for when the activities relating to cryptocurrencies directly fall under the juridical purview of the MAS. By contrast, Mr. Shanmugaratnam’s recent statement illustrates that the MAS is seeking to expand its regulatory mandate to greater monitor businesses that convert fiat into cryptocurrencies.

Full article: https://news.bitcoin.com/singapore-extend-regulatory-mand...

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