Minister Tharman Shanmugaratnam, who runs the Singapore Monetary Authority (MAS), said they have no plans to regulate NFTs.
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Shanmugaratnam’s statement came in written form in response to questions posed by the country’s parliament. According to
Shanmugaratnam, the regulator is taking a “technology-neutral” stance towards NFTs, even as crypto collectibles become more popular in South East Asia.
While the regulator warned citizens of the risks of investing in NFTs, Shanmugaratnam stated that MAS has no mandate to oversee everything people invest in.
The Minister stressed that MAS’s thinking about NFTs may also change.
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