As new business models continue to emerge as a result of the fast moving cryptocurrency market, Singapore is again appearing to be a market leader when it comes to accommodating innovation as the Monetary Authority of Singapore (MAS) is proposing changes to existing regulation in order to lower the barriers to entry for decentralised exchanges, according to CoinDesk.
In the consultation paper which was released on Tuesday, MAS indicates:
“As the current RMO regime has been in place since 2002, it is timely to review to the regulatory framework for market operators to ensure that it continues to meet the demands of the changing landscape.”
The above information was sourced from CoinDesk. For full article, click here.