Just-In: Singapore Seeks To Ban Crypto Lending, Staking For Retail Investors

Ashish Kumar
July 3, 2023 Updated September 4, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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Crypto News: The global digital asset industry is trading under increased uncertainty as the top financial watchdogs are still engaged in building regulations around it. In a bid to safeguard investors’ funds, the Monetary Authority of Singapore (MAS) is seeking to inflict a trust requirement on crypto exchanges.

Also Read: XRP Escrow Unlocked; Will Whales Scoop More XRP?

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Singapore To Set Tough Crypto Rules For Investors?

According to reports, the MAS on Monday asked the cryptocurrency exchanges operating in the country to move customer assets in trust. The crypto exchanges are required to follow the guidelines and shift assets before the end of 2023. This move comes in to protect the crypto assets from the implosions like FTX disaster.

It added that Singapore is also moving ahead with a motion to ban lending and staking programs for retail investors. However, the Monetary Authority of Singapore launched a deliberation on it last October and reached the conclusion that it needs to tighten its regulatory framework for crypto assets linked operations.

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Can MAS Protect Users From Future FUD?

The MAS stated that Regulations cannot always protect investors from losses when the market holds high risk and speculative nature. It added that the customers are required to exercise caution while trading. It should be noted that this development comes in when countries like Hong Kong are trying to entice more global participation.

Also Read: Ethereum Founder Feels Sorry For Solana; Here’s Why

The financial watchdog mentioned that the digital payment token (DPT) service providers received wide support in order to safeguard users’ funds. The proposed rules direct the firms to check the daily settlement of customers’ assets and maintain updated records. However, the registered crypto exchanges also have to ensure that the custody function runs completely from the other business units.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.