Chief Financial Technology Officer, Monetary Authority of Singapore: Singapore is developing a payment service policy, including regulation of cryptocurrencies, etc.

At the first Bund Financial Summit, jointly launched by the China Financial Forty Forum and other institutions, Sopnendu Mohanty, Chief Financial Technology Officer of the Monetary Authority of Singapore, said that Singapore is formulating a payment service policy. We have also established a system and framework to see how it can be carried out. Regulation, including the application of cryptocurrencies, will take effect at the end of the year, hoping to address some of the challenges in our field now, including cross-border, counter-terrorism financing and anti-money laundering, etc. These issues can be solved, which will make our economy more it is good.