Odaily News Singapore has proposed new regulations to further strengthen its stance on retail cryptocurrency speculation, including prohibiting individual investors from borrowing money to trade. The Monetary Authority of Singapore (MAS) said in a statement on Thursday that digital payment token service providers are not allowed to offer any incentives for retail cryptocurrency trading, nor are they allowed to provide financing, margin or leveraged trading, and are also unable to accept local issuances credit card payment. The agency also expanded retail trading rules to include all investors regardless of residence. Previously, the restriction only covered investors based in Singapore. The MAS has also made it clear that incentives such as referrals, learn-to-earn schemes and similar marketing will be restricted. The new measures will be gradually implemented from mid-2024. (Bloomberg)