[ad_1] <br><div><figure class="caas-figure"><div class="caas-figure-with-pb" style="max-height: 638px"><div><div class="caas-img-container" style="padding-bottom:66%;"><img class="caas-img has-preview" alt="" src="https://s.yimg.com/ny/api/res/1.2/tZu__EH4Ptc61zKV1wadTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOA--/https://media.zenfs.com/en/forkast_news_articles_672/d77577dfbb5bc44097fbf94715d45a31"/></div></div></div></figure><p>The <a target="_blank" href="https://forkast.news/mas-says-needs-to-do-better-job-crypto-policy/" rel="nofollow noopener" data-ylk="slk:Monetary Authority of Singapore;elm:context_link;itc:0" class="link ">Monetary Authority of Singapore</a> (MAS) goals to publish cryptocurrency and stablecoin consultations suggestions by the center of this 12 months, it stated Monday.</p><p><strong><em>See associated article: </em></strong><a target="_blank" href="https://forkast.news/singapores-ddex-security-token-offerings-more-cryptos/" rel="nofollow noopener" data-ylk="slk:Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies;elm:context_link;itc:0" class="link ">Singapore’s DDEx eyes security token offerings, mulls adding more cryptocurrencies</a></p><h2>Quick details</h2><ul class="caas-list caas-list-bullet"><li><p>The suggestions will observe the central financial institution’s <a target="_blank" href="https://www.mas.gov.sg/news/media-releases/2022/mas-proposes-measures-to-reduce-risks-to-consumers-from-cryptocurrency-trading-and-enhance-standards-of-stablecoin-related-activities" rel="nofollow noopener" data-ylk="slk:two consultation papers;elm:context_link;itc:0" class="link ">two consultation papers</a> revealed in October that sought response on proposed regulatory measures to guard customers from dangers of buying and selling in crypto and to help growth of stablecoins.</p></li><li><p>“MAS acquired substantial suggestions from a variety of respondents. MAS is presently reviewing the suggestions acquired, and intends to publish our response to the session suggestions by mid-2023,” stated MAS Chairman Tharman Shanmugaratnam <a target="_blank" href="https://www.mas.gov.sg/news/parliamentary-replies/2023/written-reply-to-parliamentary-question-on-cryptocurrency-and-stablecoins-consultations" rel="nofollow noopener" data-ylk="slk:in a written reply;elm:context_link;itc:0" class="link ">in a written reply</a> to a parliamentary query on Monday.</p></li><li><p>The suggestions session interval closed on Dec. 21.</p></li><li><p><a target="_blank" href="https://www.mas.gov.sg/publications/consultations/2022/consultation-paper-on-proposed-regulatory-measures-for-digital-payment-token-services" rel="nofollow noopener" data-ylk="slk:Proposed regulatory measures;elm:context_link;itc:0" class="link ">Proposed regulatory measures</a> for crypto service suppliers included banning the usage of credit score services and leverage by retail customers for buying and selling.</p></li><li><p><a target="_blank" href="https://www.mas.gov.sg/publications/consultations/2022/consultation-paper-on-proposed-regulatory-approach-for-stablecoin-related-activities" rel="nofollow noopener" data-ylk="slk:For stablecoins;elm:context_link;itc:0" class="link ">For stablecoins</a>, MAS intends to control the issuance of single currency-pegged stablecoins with over S$5 million (US$3.7 million) price in circulation. MAS additionally plans to permit Singapore banks to problem such stablecoins.</p></li><li><p>Singapore has constantly maintained that crypto is a high-risk asset, going as far as to <a target="_blank" href="https://forkast.news/headlines/singapore-central-bank-crypto-promotion/" rel="nofollow noopener" data-ylk="slk:restricting advertising;elm:context_link;itc:0" class="link ">restricting advertising</a> and promotion of the trade and blocking <a target="_blank" href="https://forkast.news/headlines/singapore-crypto-atms-shut-down-mas-rules/" rel="nofollow noopener" data-ylk="slk:crypto ATM services;elm:context_link;itc:0" class="link ">crypto ATM services</a>.</p></li><li><p><strong><em>See associated article: </em></strong><a target="_blank" href="https://forkast.news/mas-says-cryptocurrencies-have-no-fundamental-value/" rel="nofollow noopener" data-ylk="slk:Singapore’s central bank says cryptocurrencies have ‘no fundamental value’;elm:context_link;itc:0" class="link ">Singapore’s central bank says cryptocurrencies have ‘no fundamental value’</a></p></li></ul></div> <br>[ad_2] <br><a href="https://finance.yahoo.com/amphtml/news/singapore-publish-crypto-stablecoin-consultation-150641636.html">Source link </a>