MAS proposes enhanced powers to address financial risks

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No The regulator plans to require licenses to any person in Singapore issuing digital tokens. The Monetary Authority of Singapore has issued a consultation paper proposing enhanced powers to address financial sector risks, such as issuing prohibition orders, expanding regulations on digital token issuers, improving technology risk management and strengthening dispute resolutions. The proposed new act will consolidate similar provisions for various classes of financial institutions to act as a single legislation, the press release stated. read more