In response to the suggestions acquired on its proposed Digital Cost Token (DPT) rules, 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 may help retail shoppers keep away from worth hypothesis. DPT service suppliers should decide their buyer’s threat consciousness earlier than providing crypto providers. As well as, DPT service suppliers had been suggested towards offering any incentives to commerce in cryptocurrencies. Thirdly, DPT service suppliers can not provide financing, margin or leveraged transactions.
