{"id":63920,"date":"2022-07-04T19:50:59","date_gmt":"2022-07-04T16:50:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63920"},"modified":"2025-09-06T11:34:26","modified_gmt":"2025-09-06T08:34:26","slug":"singapore-authorities-weigh-tighter-regulation-of-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/singapore-authorities-weigh-tighter-regulation-of-cryptocurrencies\/","title":{"rendered":"Singapore authorities weigh tighter regulation of cryptocurrencies"},"content":{"rendered":"<p>The Monetary Authority of Singapore (MAS) is considering tighter regulation of the cryptocurrency industry. This is <a href=\\\"https:\/\/www.mas.gov.sg\/news\/parliamentary-replies\/2022\/reply-to-parliamentary-question-on-restrictions-on-cryptocurrency-trading-platforms-to-protect-members-of-public\\\">stated<\/a> in the regulator&#8217;s response to a parliamentary inquiry.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the document, MAS is studying additional consumer-protection measures.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;They may include restrictions on participation in retail trading and rules governing the use of leverage in cryptocurrency transactions,&#8221; the regulator said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Earlier MAS <a href=\"https:\/\/u1f987.com\/en\/news\/singapore-regulator-urges-crypto-firms-to-curb-advertising-of-services\">not to advertise their services<\/a> to the general public to avoid the risk of speculation.<\/p>\n<p>\\n\\n<\/p>\n<p>At the end of June, the regulator <a href=\"https:\/\/u1f987.com\/en\/news\/singapore-central-bank-reprimands-three-arrows-capital-for-regulatory-breaches\">issued a reprimand<\/a> to the hedge fund Three Arrows Capital for providing false information and exceeding the permitted asset-under-management threshold.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, MAS <a href=\\\"https:\/\/forklog.news\/tsentrobank-singapura-prigrozil-nedobrosovestnym-uchastnikam-kriptoindustrii\/\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">warned<\/a> it would crack down relentlessly on violations in the cryptocurrency industry.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Monetary Authority of Singapore (MAS) is considering tighter regulation of the cryptocurrency industry. This is stated in the regulator&#8217;s response to a parliamentary inquiry.<\/p>\n","protected":false},"author":1,"featured_media":63921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,946],"class_list":["post-63920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63920"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63920\/revisions"}],"predecessor-version":[{"id":63922,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63920\/revisions\/63922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63921"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}