Ravi Menon - stated that the country does not intend to regulate bitcoin and the cryptocurrency market in the short-term.
intend - намереваться .
In essence, Menon shared the same sentiment as European Central Bank (ECB) President Mario Draghi, who as CCN reported, explained that the ECB is not planning regulatory frameworks for the cryptocurrency market as of yet. Draghi emphasized that the ECB believes the bitcoin market needs to mature for the institution to consider regulating it.
sentiment - настроение .
Menon stated:
“We’ve taken the approach that the currency itself does not pose the risk that warrants regulation. It is a known fact that cryptocurrencies are quite often abused for illicit financing purposes, so we do want to have AML/CFT controls in place. So those requirements apply to the activity around cryptocurrency, rather than the cryptocurrency itself.”
approach - подход .
Although Menon clarified that there will be no strict regulations for the Singaporean cryptocurrency market as of yet, he reaffirmed that the MAS will continue to be “open minded” with cryptocurrencies and bitcoin. More importantly, Menon noted that in the future, if the MAS and the Singaporean government sees the necessity of regulating the bitcoin market, it will provide regulatory frameworks for businesses and investors.
Although - хотя, если бы даже, несмотря на то, что, несмотря на, если бы даже ?
intend - намереваться .
In essence, Menon shared the same sentiment as European Central Bank (ECB) President Mario Draghi, who as CCN reported, explained that the ECB is not planning regulatory frameworks for the cryptocurrency market as of yet. Draghi emphasized that the ECB believes the bitcoin market needs to mature for the institution to consider regulating it.
sentiment - настроение .
Menon stated:
“We’ve taken the approach that the currency itself does not pose the risk that warrants regulation. It is a known fact that cryptocurrencies are quite often abused for illicit financing purposes, so we do want to have AML/CFT controls in place. So those requirements apply to the activity around cryptocurrency, rather than the cryptocurrency itself.”
approach - подход .
Although Menon clarified that there will be no strict regulations for the Singaporean cryptocurrency market as of yet, he reaffirmed that the MAS will continue to be “open minded” with cryptocurrencies and bitcoin. More importantly, Menon noted that in the future, if the MAS and the Singaporean government sees the necessity of regulating the bitcoin market, it will provide regulatory frameworks for businesses and investors.
Although - хотя, если бы даже, несмотря на то, что, несмотря на, если бы даже ?
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