- Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading.
- The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption.
- Under the proposed rules, issuers will be required to hold reserve assets equivalent to at least 100% of the nominal value of the coins.
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
