Regulators need to manage cryptocurrency risks without stifling innovation: MAS chief

Singapore

HOW regulators manage crypto currency risks and not stifle innovation continues to be the challenge facing central banks, said Ravi Menon, the Monetary Authority of Singapore's (MAS) managing director.

MAS has been watching the crypto space with great interest, said Mr Menon on Thursday at a payments conference.

Using the term "crypto tokens" rather than "cryptocurrencies" or "crypto assets", he said that a second generation of crypto to…