What is MAS' position on cryptocurrencies being used as an investment asset for retail investors?
According to MAS (Speeches)
last revised on 9 November 2021
MAS frowns on cryptocurrencies or tokens as an investment asset for retail investors. The prices of crypto tokens are not anchored on any economic fundamentals and are subject to sharp speculative swings. Investors in these tokens are at risk of suffering significant losses.
MAS has also expressed its view on promoting the trading of DPTs.
According to MAS (Guidelines)
last revised on 17 January 2022
1.3 MAS stresses that DPT service providers should conduct themselves with the understanding that trading of DPTs is not suitable for the general public. These Guidelines set out MAS’ expectation that DPT service providers should not promote their DPT services to the general public in Singapore.