Investors 'Irrationally Oblivious' to Crypto Trading Risks: Singapore's Financia

[Markuri33]

In hopes of limiting high risk in the crypto sector, Singapore is looking to make it more difficult for retail investors to join the market. The Monetary Authority of Singapore (MAS), the country’s central bank and financial watchdog, is considering adding extra protection for crypto users by making it more difficult to buy crypto.

The MAS will begin exploring ways to add friction to retail access via customer suitability tests, limit access to credit facilities, and credit facilities to reduce frivolous investments, according to the agency's managing director Ravi Menon.more info