Home Cryptocurrency Singapore to limit retail crypto hypothesis with new guidelines By Cointelegraph

Singapore to limit retail crypto hypothesis with new guidelines By Cointelegraph

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Singapore to limit retail crypto hypothesis with new guidelines By Cointelegraph

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In response to the suggestions acquired on its proposed Digital Cost Token (DPT) rules, 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 will help retail purchasers keep away from worth hypothesis. DPT service suppliers should decide their buyer’s threat consciousness earlier than providing crypto providers. As well as, DPT service suppliers have been suggested in opposition to offering any incentives to commerce in cryptocurrencies. Thirdly, DPT service suppliers can not supply financing, margin or leveraged transactions.