Prudential Treatment of Cryptoassets on Permissionless Blockchains

28 Apr 2026

In April 2026, the Monetary Authority of Singapore (“MAS”) published a Consultation Paper on the Prudential Treatment of Cryptoassets on Permissionless Blockchains, setting out the applicable Classification Conditions for cryptoassets, as well as introducing a new principle-based framework.

This regulatory development also introduces deeming conditions that provide greater certainty, while also allowing for the preservation of flexibility for alternative safeguards. Banks and other market participants should assess the potential impact of these proposed Classification Conditions and review their existing arrangements for compliance with these proposed updated requirements

Read the full update here.