MAS outlook on Cryptocurrency

What is Singapore's regulatory attitude towards blockchain platforms?

Legal professionals in Singapore feel that...

"In response to the increasing relevance of blockchain technology, Singapore has fostered a balanced legal and regulatory regime for the blockchain space that seeks to encourage innovation while protecting participants, investors and the general public."

"The Monetary Authority of Singapore (MAS) provides clarity and guidance on the application of securities and commodities laws to cryptocurrencies, thereby encouraging new investments in financial technologies. In addition, the Infocomm Media Development Authority (IMDA) actively invests in the future of blockchain by seeding blockchain challenges with funding and exposure, spurring innovation in support of Singapore’s "Smart Nation" policy objectives."

Source: Chambers and Partners, last revised on 8 May 2022