Yes to digital asset innovation, no to crypto speculation

In developing Singapore as a fintech hub, the Monetary Authority of Singapore takes a synergistic and holistic approach towards crypto and digital assets

A Bitcoin machine at Sim Lim Square being removed on Jan 18, 2022. Speculation in cryptocurrencies is what MAS strongly discourages and seeks to restrict. ST FILE PHOTO
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What is the Monetary Authority of Singapore's (MAS) approach towards crypto and digital assets? Is MAS sending mixed signals?

On the one hand, MAS is promoting Singapore as a fintech hub, partnering industry to explore and support innovation in distributed ledger technology (DLT) and digital asset use cases.

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