The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing changes to the existing regulations that would lower market entry for blockchain-related exchanges.MAS is proposing to expand the current recognized market operators (RMO) regime from a single tier to three separate tiers that would better match regulatory requirements to the risks posed by different types of market operators. "MAS has observed the emergence of new business models in trading platforms, including trading facilities that make use of blockchain …

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