Deputy Director of the Monetary Authority of Singapore (MAS) Ong Chong Ti said that the agency is currently "studying the need for additional rules in the protection of cryptocurrency investors," Reuters reports.
Such a statement may mean that the development is a new regulatory regulatory framework for crypto exchanges in Singapore, for the activities of which the authorities are now closely monitoring.
In October last year, representatives of the MAS said that the agency does not plan to regulate the circulation of crypto assets, but will counter money laundering using digital currencies.
In addition, on February 6, Deputy Prime Minister of Singapore Tarman Shanmugaratnam said that the government is not going to prohibit crypto trading. According to him, it is still too early to talk about certain measures in relation to the new technology.