Share this article
BTC
$83,454.32
-
1.14%ETH
$1,810.09
-
1.00%USDT
$0.9996
-
0.01%XRP
$2.1326
+
1.61%BNB
$595.60
-
0.44%SOL
$120.86
+
1.58%USDC
$1.0000
+
0.01%DOGE
$0.1689
+
1.29%ADA
$0.6549
-
0.76%TRX
$0.2376
-
0.33%LINK
$12.85
-
2.15%LEO
$8.9566
-
4.30%TON
$3.3005
-
7.17%XLM
$0.2569
-
3.04%AVAX
$18.14
-
2.56%SHIB
$0.0₄1233
-
1.29%SUI
$2.2348
-
1.78%HBAR
$0.1620
-
2.21%LTC
$83.82
-
1.07%OM
$6.2864
-
0.90%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Singapore's Central Bank Asks Crypto Firms to Submit Business Data: Report
The move comes as the central bank is looking to bring in more safeguards for retail customers and a stablecoin regulation.
The Monetary Authority of Singapore (MAS), the country's central bank, has asked some digital asset firm to submit data about their business activity, Bloomberg reported, citing people with knowledge of the matter.
The central bank is set to make changes to its crypto regulation policies following the collapse of Singapore-based crypto hedge fund Three Arrows Capital and Singapore-registered Terraforms Labs and Vauld.
STORY CONTINUES BELOW
Last month, MAS had asked some digital asset companies for their business-related data, including top tokens owned, top lending and borrowing counterparties, amount loaned, and top tokens staked via decentralized finance protocols, according to the report.
MAS had said that it is looking to bring in stronger safeguards to protect the retail customer, and was consulting the public for a stablecoin regulation.
At press time, MAS did not respond to CoinDesk's request for comment.
Read more: Singapore High Court Recognizes Three Arrows Capital Liquidation Order
Parikshit Mishra
Parikshit Mishra is CoinDesk's Regional Head of Asia, managing the editorial team in the region. Before joining CoinDesk, he was the EMEA Editor at Acuris (Mergermarket), where he dealt with copies related to private equity and the startup ecosystem. He has also worked as an Senior Analyst for CRISIL, covering the European markets and global economies. His most notable tenure was with Reuters, where he worked as a correspondent and an editor for various teams. He does not have any crypto holdings.
