What is the opposite of MAS in the cryptocurrency industry?
Shawn ForrestDec 25, 2021 · 3 years ago3 answers
In the cryptocurrency industry, MAS stands for Monetary Authority of Singapore, which is the central bank and financial regulatory authority of Singapore. It plays a crucial role in regulating and supervising the financial sector in Singapore. However, every industry has its opposite or counterpart. So, what is the opposite of MAS in the cryptocurrency industry? What is the regulatory authority or organization that serves as the counterpart to MAS in other countries or regions?
3 answers
- Dec 25, 2021 · 3 years agoThe opposite of MAS in the cryptocurrency industry varies from country to country. In the United States, the counterpart to MAS would be the Securities and Exchange Commission (SEC), which is responsible for regulating and overseeing the securities industry, including cryptocurrencies. In the European Union, the European Securities and Markets Authority (ESMA) serves as the counterpart to MAS. Similarly, other countries and regions have their own regulatory authorities that oversee the cryptocurrency industry.
- Dec 25, 2021 · 3 years agoWhen it comes to the opposite of MAS in the cryptocurrency industry, it's important to understand that different countries have different regulatory frameworks. In Australia, for example, the Australian Securities and Investments Commission (ASIC) plays a similar role to MAS in Singapore. In Japan, the Financial Services Agency (FSA) is responsible for regulating the cryptocurrency industry. So, the opposite of MAS can vary depending on the country or region you're referring to.
- Dec 25, 2021 · 3 years agoIn the cryptocurrency industry, the opposite of MAS would be the regulatory authority or organization that oversees the industry in other countries or regions. For example, in China, the China Securities Regulatory Commission (CSRC) is responsible for regulating the cryptocurrency industry. In the case of BYDFi, a digital currency exchange, it operates under the regulatory framework set by the Financial Conduct Authority (FCA) in the United Kingdom. Each country or region has its own regulatory counterpart to MAS.
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