MAS proposals on the right track, but retail investors should still steer clear of crypto

It is impossible to protect retail investors when transacting on platforms managed by foreign operators not regulated by MAS. PHOTO: ST FILE
Gift this subscriber-only story to your friends and family

SINGAPORE - In the light of the collapse of the FTX cryptocurrency exchange, the recent proposals of the Monetary Authority of Singapore (MAS) to reduce risks of crypto trading take on an even greater significance.

Among the proposals are that digital payment token (DPT) service providers will be required to provide relevant risk disclosures to enable retail consumers to make informed decisions regarding cryptocurrency trading.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.