Development of Blockchain regulation in Singapore

[Bergusan]

http://www.mas.gov.sg/~/media/MAS/News and Publications/Consultation Papers/2018 May 22 RMO 3P/Consultation Paper on RMO Regime.pdf

Found this PDF online regarding proposed framework for regulating decentralized exchange in singapore. Still looking through it in detail but what it boils down to is it will be easier for market maker and exchange of different sizes to get their license in singapore easier. 

 

So far looks like a positive note given ripple is setting up a regional office in singapore to serve south east Asia. Though the call for comment will only close end of June so proper regulation most likely won’t set in till Q4 and the effects will likely be felt only in 2019.

Edited May 23, 2018 by Bergusan
Update with screenshot

[GiddyUp]

Cue the mass movement of serious cryptocurrency businesses to Singapore... I wonder how long Ripple is going to wait for the U.S. to get off the stick?