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Vitalik Buterin: Singapore’s Current Crypto Regulation Is Not Working – Here’s Why

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Ethereum (ETH) co-founder Vitalik Buterin says the Monetary Authority of Singapore is enforcing a regulatory approach to crypto he calls a “tough balance”.

While he appreciates some of the regulator’s policy choices, he also states that the MAS is at risk of following in the footsteps of many other regulators from across the world who view crypto as “weird and scary”.“I definitely appreciate the amount of effort that [the Singaporean regulators] have been putting into it, and their willingness to explore many different kinds of applications and be supportive,” Buterin told local paper The Strait Times in an interview, replying to a question about the MAS’s approach to crypto regulation. “It’s interesting their willingness to try to make a distinction between blockchain usage and cryptocurrency.

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