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Singapore Delays Bank Crypto Asset Rules to 2027 Amid Industry Pushback

Singapore Delays Bank Crypto Asset Rules to 2027 Amid Industry Pushback

Author:

Global Cryptocurrency

Published:

2025-10-13 10:59:02

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BTCCSquare news:

Singapore's central bank has deferred the implementation of prudential rules for cryptocurrency exposures until 2027 or later, citing industry concerns over competitive disadvantage and innovation stifling. The Monetary Authority of Singapore (MAS) initially aimed to align with the Basel Committee's January 2026 timeline but faced pushback from banks warning of regulatory arbitrage.

The proposed standards WOULD have imposed a punitive 1,250% risk weight on Group 2 cryptoassets, including most permissionless blockchain tokens, making such holdings prohibitively expensive. Industry players criticized the framework as "punitive and not technologically neutral," particularly for decentralized assets.

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