Apr 27
Game-changer for how banks treat cryptoassets: MAS proposes a flexible approach to cryptoassets issued on public blockchains
➤ The Monetary Authority of Singapore (MAS) is proposing a more flexible, risk-based prudential approach for banks dealing with cryptoassets on public blockchains. ➤ This shift aims to allow more favorable capital treatment for cryptoassets if associated risks (governance, technology, settlement, AML/CFT) are adequately mitigated, moving away from a default conservative stance. ➤ The proposals include specific safeguards and interim exposure/issuance caps, signaling a calibrated integration of public blockchain activities within Singapore's regulated financial system.
