Singapore proposes measures to deter cryptocurrency speculation

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Singapore,Cryptocurrency,Speculation

The MAS has proposed that DPT service providers not accept Singapore-issued credit card payments to deter cryptocurrency speculation. The proposal also includes business conduct and consumer access measures to protect retail customers and minimum technology and cyber risk management requirements for DPT service providers.

The Monetary Authority of Singapore (MAS) has proposed measures to deter cryptocurrency speculation by not accepting Singapore-issued credit card payments. The proposal also includes business conduct and consumer access measures to protect retail customers and minimum technology and cyber risk management requirements for DPT service providers.

 

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