Singapore to limit retail crypto hypothesis with new guidelines

In response to the suggestions acquired on its proposed Digital Cost Token (DPT) laws, the Financial Authority of Singapore (MAS) laid down measures for DPT service suppliers to discourage hypothesis in cryptocurrency investments.

The de facto central financial institution of Singapore, MAS introduced 5 methods DPT service suppliers can assist retail purchasers keep away from worth hypothesis. DPT service suppliers should decide their buyer’s danger consciousness earlier than providing crypto companies. As well as, DPT service suppliers had been suggested in opposition to offering any incentives to commerce in cryptocurrencies. Thirdly, DPT service suppliers can not provide financing, margin or leveraged transactions.

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