by: Tam Ging Wien

On 25-Oct-2017, a new article published on The Business Times reports the managing director of the Singapore central bank – the Monetary Authority of Singapore (MAS), Mr Ravi Menon said in an interview with Bloomberg News that MAS has no plans to regulate cryptocurrencies.

Qouting the report, “As of now I see no basis for wanting to regulate cryptocurrencies”. Rather, the central bank’s focus is to “look at the activities surrounding the cryptocurrency and asking ourselves what kinds of risks they pose, which risks would require a regulatory response, and then proceed from there,” Mr Menon said.

This comment was at first surprising as many thought that Singapore was preparing regulations relating to cryptocurrencies and crypto-tokens with equity like characteristics.

You may read the report from The Business Times entitled Singapore won’t regulate cryptocurrencies, remains alert to risk: Menon.

Progressive Thinking

This seems to signal to …