Whereas MAS is contemplating necessities for threat disclosures for lending and staking, the regulator appears to be leaning in direction of outright prohibition, Nizam Ismail, CEO of Ethikom Consultancy and chairman of the regulatory and compliance sub-committee for the Blockchain Affiliation of Singapore, informed CoinDesk. “By setting up blanket bans, Singapore-based platforms could be deprived in not having the ability to provide these options,” Ismail stated.
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