The Monetary Authority of Singapore (MAS) has introduced measures to discourage speculation in cryptocurrency investments. In response to feedback on its proposed Digital Payment Token (DPT) regulations, MAS has outlined five ways that DPT service providers can help retail clients avoid price speculation. These measures include assessing customer risk awareness, avoiding incentives for cryptocurrency trading, prohibiting financing and leverage transactions, refusing locally issued credit card payments, and not considering crypto holdings in determining a customer’s net worth. MAS believes that speculative cryptocurrency trading poses significant risks and consumer harms, fueled in part by unverified success stories, celebrity endorsements, and the fear of missing out (FOMO) on good returns. In addition to these measures, MAS has included five additional industry pilots in Project Guardian to test various use cases around asset tokenization. The aim is to catalyze institutional adoption of digital assets and increase the efficiency of financial markets. MAS has also launched Global Layer One to explore the design of an open digital infrastructure for tokenized financial assets and applications.

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Information	Details
Geography	Asia
Countries	🇸🇬
Sentiment	neutral
Relevance Score	1
People	Ho Hern Shin
Companies	BNY Mellon, Ant Group, JPMorgan Apollo, Fidelity International, T. Rowe Price, OCBC, Citi, Franklin Templeton
Currencies	None
Securities	None