Singapore plans a further strengthening of crypto regulations

Singapore intends to broaden the scope of cryptocurrency regulations and pushed back against claims that some recently collapsed digital-asset outfits were regulated in the city state.

The Monetary Authority of Singapore plans to consult on proposed steps in the next few months, its managing director Ravi Menon said in a speech after releasing the central bank’s annual report Tuesday.

In responses to questions, he said the revised rules may include further tightening retail-investor access to crypto and widening the ambit of regulations to cover more activities.

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