Cryptocurrency crash to reinforce Singapore’s resolve to keep retail at bay
Enormous thanks to Rebecca Isjwara for featuring Propine as one of the successful graduates from the Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox in her latest S&P Global Market Intelligence article.
Ditto for State Street Digital Lead, Irfan Ahmad’s remark that “Generally, regulatory sandboxes serve as the foundation for fintech development, with digital asset initiatives as a key focus,”
Ever since day one, Propine has been committed to working collaboratively with MAS, on addressing good practice and protection across the new #digitalasset industry, so that we can thrive in a safe token economy.
This is especially true in light of the recent crypto crash, where MAS is looking to broaden the scope of crypto regulations to cover more activities such as consumer protection, market conduct, and reserve backing for #stablecoins.
It’s clear that better regulation will ultimately be beneficial to crypto investors, with new technologies becoming more accessible, cyber-attacks reduced, and illicit payments curtailed by the use of crypto assets.
Full article here.