TechFlow news, according to Bloomberg, Singapore has proposed banning retail investors from borrowing money to purchase cryptocurrencies, part of a series of measures aimed at further tightening its digital asset regulatory framework. According to a consultation paper issued by the Monetary Authority of Singapore (MAS), other potential measures include prohibiting firms from lending or staking tokens deposited by retail investors to generate returns.
Additionally, the document proposes that stablecoins must be pegged to the local currency or fiat currencies of G10 countries and fully backed by reserves of equal value. Issuers will also face minimum capital requirements.Source link
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