The regulator is considering changes to how banks treat certain crypto assets under prudential rules.
The Monetary Authority of Singapore (MAS) has proposed updates to the prudential treatment of permissionless cryptoassets. The regulator has suggested a principle-based approach Under earlier proposals, such assets would not qualify as lower risk ‘Group 1’ cryptoassets due to concerns around governance, transparency and regulation of network participants. MAS is now considering allowing permissionless cryptoassets to be classified as Group 1, provided specific risk conditions ar