The Singapore Monetary Authority intends to adopt a three-tier structure to regulate the trading market

The Singapore Monetary Authority (MAS) said on May 22 that the current single RMO regulatory framework could not meet the needs of emerging technologies and new business models. The MAS will consider adopting a three-tier structure for supervision to ease Market Access for Scale Trading Platforms. The third tier of the proposed framework applies to market operators that are significantly smaller than the established exchanges. They are commercially viable, but the business is still unable to meet the requirements of the RMO system. The new layer of supervision will allow them to use the regulatory environment. Blockchain and P2P technologies provide services.