Singapore Not Considering Regulating NFTs

Tharman Shanmugaratnam, the minister who runs the Monetary Authority of Singapore (MAS), said they have no plans to regulate NFTs.
 Singapore Not Considering Regulating NFTs
READING NOW Singapore Not Considering Regulating NFTs

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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