+0.20% Bitcoin (BTC) 93230 EUR

+0.72% Ethereum (ETH) 3737.55 EUR

+0.43% Litecoin (LTC) 94.61 EUR

+1.99% B-Cash (BCH) 472.6 EUR

+0.75% Ethereum (ETH) 0.0404909 BTC

+0.49% Litecoin (LTC) 0.00102515 BTC

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+0.10% Bitcoin (BTC) 109901.3522 USDC

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-0.17% Chainlink (LINK) 0.00021705 BTC

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0.00% Zcash (ZEC) 0.0004242 BTC

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0.00% TradeFlow (TFLOW) 0.12216892 BUSD

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+2.63% Synthetix Network Token (SNX) 0.7 USDC

0.00% Skale (SKL) 0.07 USDC

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0.00% Axelar (AXL) 1.05 USDC

+0.99% Livepeer Token (LPT) 6.06 EUR

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+0.37% Compound (COMP) 42.95 USDC

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+2.33% Yield Guild Games Token (YGG) 0.158 USDC

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0.00% Polygon (MATIC) 0.2 EUR

-1.80% Solana (SOL) 171.99 EUR

-1.89% Solana (SOL) 0.0018445 BTC

-2.78% Solana (SOL) 0.045936 ETH

+0.14% USD Coin (USDC) 0.74 GBP

0.00% USD Coin (USDC) 1 USDT

0.00% USD Coin (USDC) 145.58 JPY

Singapore's Central Bank Asks Crypto Firms to Submit Business Data

08-29-2022

The Monetary Authority of Singapore (MAS), the country's central bank, has asked some digital asset firm to submit data about their business activity, Bloomberg reported, citing people with knowledge of the matter.

The central bank is set to make changes to its crypto regulation policies following the collapse of Singapore-based crypto hedge fund Three Arrows Capital and Singapore-registered Terraforms Labs and Vauld.

Last month, MAS had asked some digital asset companies for their business-related data, including top tokens owned, top lending and borrowing counterparties, amount loaned, and top tokens staked via decentralized finance protocols, according to the report.

MAS had said that it is looking to bring in stronger safeguards to protect the retail customer, and was consulting the public for a stablecoin regulation.

At press time, MAS did not respond to CoinDesk's request for comment.

Source: Coindesk

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