MAS will regulate token derivatives
Central bank updates securities legislation to regulate tokens offered by approved exchanges
The Monetary Authority of Singapore will regulate “payment token derivatives” traded by approved exchanges under an amendment to the Securities and Futures Act.
Payment token derivatives are derivative contracts that reference payment tokens as underlying assets. Following a period of consultation, the central bank has decided to regulate token derivatives offered by approved exchanges as they pose a “risk of contagion to the wider financial system”.
The MAS agrees with respondents to the
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