Showing 148 Documents for "crypto"
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- MAS has made clear our stance on speculative trading of crypto currencies by retail investors – we believe this is highly risky, not suitable for the public, and we aim to reduce the risk of potential harm to consumers.
- MAS
- Speeches
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- Unlike private cryptocurrencies, whose prices fluctuate wildly, these digital currencies are suitable as payment instruments on distributed ledgers as they combine the advantages of tokenisation with the reliability of fiat currencies.
- MAS
- Speeches
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- New business models such as decentralised finance and the use of crypto assets; as well as climate change and the transition to a low-carbon economy.
- MAS
- Speeches
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- ‘Sharding’ divides a blockchain network into “shards” that can process transactions at the same time, that way they can enhancing scalability and energy efficiency of cryptocurrency mining.
- MAS
- Speeches
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- Investment products that are unregulated, or esoteric or complex for most retail investors to understand, such as those involving crypto assets, can result in expectation gaps and losses to many who simply follow the fad.
- MAS
- Speeches
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- Take for example virtual currencies, or commonly known as crypto-currencies. MAS does not regulate virtual currencies; in fact, we welcome them as an innovation that can potentially reduce the cost of financial transactions.
- MAS
- Speeches
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- In addition to corrupting a victim’s data using crypto-ransomware, attackers are now exfiltrating information from their victims.
- MAS
- Acts
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- Stablecoins have emerged as a new class of cryptocurrencies intended to be relatively stable in value to address concerns over excessive price volatility of the first generation of cryptocurrencies.
- Risk of Cryptocurrencies, Initial Coin Offerings and Other Digital Tokens : https://www.moneysense.gov.sg/articles/2018/10/risks-of-cryptocurrencies-initial-coin-offerings-and-other- digital-tokens https://www.moneysense.gov.sg/articles/2018/10/understanding-stored-value-facilities 2.
- In particular, DPTs, also known as cryptocurrencies, carry higher inherent ML/TF risks due to the anonymity, speed and cross-border nature of their transactions. 5.2.2 Key Measures AML/CFT measures will apply to all three classes of licensees where the licensee provides account issuance, domestic
- MAS
- Acts
Last revised date:
- There were several respondents that asked Definition of DT 5 Please refer to https://www.mas.gov.sg/news/parliamentary-replies/2020/reply-to-parliamentary- question-on-regulation-of-crypto-derivatives-on-approved-exchanges the regulation of crypto-derivatives.
- Finally, several respondents asked about the regulation of crypto-derivatives 3.3 holistically, to create a level playing field.
- posed by crypto-derivatives, and will take necessary steps to mitigate these risks. 3.12 We received queries on the existing scope of definitions under the PS Act and SFA, in particular in relation to stablecoins.
- MAS
- Financial Stability Reviews
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- KPMG (June 2018), Anti-Money Laundering in Times of Cryptocurrencies.
- Oct 18 Source: MAS estimates, Bitcoin blockchain Note: The yellow lines demarcate key regulatory crypto announcements in China.
- Policymakers must stay vigilant and stand prepared to understand, pre-empt and mitigate risks associated with technology, for instance from crypto-assets and cyber incidents.