WFE welcomes MAS’ conclusions that segregation of consumer assets, mitigating conflicts of interests and enhancing governance policies are all needed for crypto-trading platforms. Nevertheless, by MAS’s own admission, the proposed standards will not be comparable to those applied regulated exchanges so we encourage MAS to go further. We also welcome moves by MAS to apply reserve requirements to stablecoins.
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For more information, please contact:
- Charlotte Wilson
- Streets Consulting
- Email: [email protected]
Phone: +44 20 7959 2235
- Twitter: @TheWFE