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:

Cally Billimore
Manager, Communications
Email: [email protected]
Phone: +44 7391 204 007
Twitter: @TheWFE