MAS tightens crypto rules to protect retail customers

Date: November 24, 2023

Retail investors should take note of the latest announcement made by MAS, on 23rd November 2023 with regard to the measures for digital payment token services.   

Mr David Gerald, Founder, President and CEO, of SIAS emphasized “No amount of regulations can protect the retail investors fully; everyone must know they are taking a huge risk when investing in cryptocurrencies.”  

Click here to view the media release from MAS “MAS Strengthens Regulatory Measures for Digital Payment Token Services”.   

Click here to view the Straits Times article “Retail customers will not be allowed to use local credit cards to buy cryptocurrencies: MAS”?