Singapore keeps retail out of crypto for now
The central bank is unlikely to change its stance in the next two to three years.
Singapore is making steady progress in digital assets and tokenisation, but retail customers are unlikely to see major access anytime soon.
Regulators remain cautious about opening the space, even as adoption grows in payments and institutional investment, a market expert said.
“There is definitely a hesitance on the part of the regulator to introduce digital assets to retail customers,” Yingyu Wang, a partner at Simmons & Simmons JWS Pte. Ltd., told Asian Banking & Finance.
She added that the retail segment has “deliberately been slowed down” and does not expect the Monetary Authority of Singapore (MAS) to change its stance in the next two to three…
