Banks urge Singapore to relax exposure limit on crypto assets
Lower capital for tokenisation and stablecoins welcomed, but cap will curb bank involvement for now
The Monetary Authority of Singapore (MAS) has softened its stance on crypto assets, but market participants say the regulator should go further by removing an interim cap on the amount of the safest tokenised products that banks are allowed to hold.
“Our view is that these restrictions will eventually be relaxed or removed, simply because the current setup is structurally inconsistent,” says Boon-Hiong Chan, applied industry innovation lead at Deutsche Bank. He emphasises that if an asset
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Crypto Assets
MAS proposes changes to Singapore’s stablecoin regulations
Amendments would see multi-jurisdictional and foreign stablecoins recognised
Visa joins MAS’s Bloom
Payments router announces participation in multi-currency tokenised deposit and stablecoin project
US agencies propose crypto rules after Clarity Act stalls
SEC plans would exempt firms from some securities laws
Central Bank of Brazil delays crypto transfers to fight fraud
Latin America’s largest economy targets stablecoins after Trump’s tariffs against Pix
IMF’s Katz urges central banks not to wait for ‘perfect’ stablecoin regs
Deputy head stresses data collection should start now as AI may accelerate adoption
Podcast: How central banks evade sanctions
Iran, North Korea and Russia are increasingly sharing digital infrastructure and playbooks
Peirce warns crypto vaults and lending may fall under SEC rules
Commissioner urges against legal ‘gymnastics’ to avoid regulation
Bank of Russia confirms new crypto regime
Law forms part of de-dollarisation and alternative payments push as Moscow seeks new ways to evade sanctions