The Singapore Central Bank is again reviewing the regulatory framework for cryptocurrency and it seems that he changed the previous type attitude ” hands-off ”
In a speech that social media showed, a deputy director ong Chong tee . Monetary Authority of singapore (MAS), he talked about new regulations for cryptocurrency in the country.
” We assess whether additional regulations regarding investor protection are required ” – He said.
Recent comments contrast with the statements of the Deputy Prime Minister of Singapore Tharmana Shanmugaratnama , which at the beginning of February 2018. He told the parliament that ” there are no systematic risk concerns ” what this phenomenon creates for the banking sector or the economy.
While Shanmugaratnam he added that the authorities continued ” they are investigating ” Bitcoin and related assets, Shanmugaratnam he did not mention the regulations that appeared in the plans.
One week later in mid-February, the head of the MAS intelligence service, Sopnendu Mohanty , he said in an interview for CNBC that the speculative activity of traders is a threat to the entire industry kryptowalutowej .
The approach of Singapore even gave birth to an international government club, and the legislators in Kazakhstan publicly announced that they want to follow the footsteps of this state in the area of politics Blockchain .