Final rules seek to strike balance for crypto players

Safeguards: A file photo of pedestrians in Singapore. Under the country’s new rules governing crypto currencies, credit card payments by local retail investors will not be allowed. — Bloomberg

SINGAPORE: The final measures governing the cryptocurrency sector here sought to balance the need for retail-investor safeguards with companies’ worries, market observers say, noting that even as the regulator stood firm on certain aspects, it made adjustments too.

The comments come after the Monetary Authority of Singapore (MAS) on Nov 23 unveiled the last tranche of finalised crypto rules for digital payment token (DPT) service providers in Singapore.