Singapore Evaluates More Crypto Safeguards After Blowups

(Bloomberg) — Singapore is considering new rules to protect consumers after plunging digital-asset prices triggered a series of high-profile crypto blowups, including firms based in the city-state. 

The Monetary Authority of Singapore “has been carefully considering the introduction of additional consumer protection safeguards,” its Chairman Tharman Shanmugaratnam said in a written response to a question from parliament. “These may include placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”