# Singapore’s financial watchdog considers further restrictions on crypto

# Singapore’s financial watchdog considers further restrictions on crypto

” Singapore’s financial watchdog considers further restrictions on crypto “ The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers. According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said…

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# CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

# CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

” CBDC may threaten stablecoins, not Bitcoin: ARK36 exec “ Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes. According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed…

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# ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto

# ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto

” ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto “ Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has…

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# Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

# Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more

” Finance Redefined: Maker founder proposes endgame, Singapore explores DeFi and more “ The past week in the decentralized finance (DeFi) ecosystem saw many new developments, including the rebirth of the Terra 2.0 blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption. Singapore’s central bank partnered…

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