In response to the suggestions obtained on its proposed Digital Cost Token (DPT) laws, the Financial Authority of Singapore (MAS) laid down measures for DPT service suppliers to discourage hypothesis in cryptocurrency investments.
The de facto central financial institution of Singapore, MAS introduced 5 methods DPT service suppliers might help retail purchasers keep away from value hypothesis. DPT service suppliers should decide their buyer’s danger consciousness earlier than providing crypto companies. As well as, DPT service suppliers have been suggested in opposition to offering any incentives to commerce in cryptocurrencies. Thirdly, DPT service suppliers can not supply financing, margin or leveraged transactions.
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