The Monetary Authority of Singapore (MAS) has proposed changes to its current regulations which are expected to lower the market entry for blockchain related exchanges.
A Regulator Responds to Blockchain & a Changing Financial Landscape
According to reports, MAS – which is Singapore’s central bank and financial regulator – has issued a consultation paper in which it is reviewing the current regulatory framework which has been in place since 2002. This is to accommodate the demands of a dynamic financial services landscape. All financial institutions and other interested parties have been invited to submit written comments to the paper by 22 June 2018.