The Monetary Authority of Singapore proposed to expand its investigative and supervisory powers

ChainCatcher news, according to Bloomberg, the Monetary Authority of Singapore (MAS) may gain broader investigative powers, including the ability to seize evidence under proposed legislation.

It is reported that the bill submitted to Parliament on Wednesday will also expand MAS's jurisdiction, allowing it to issue directives to capital market services license holders engaged in unregulated activities (such as offering Bitcoin futures). MAS's supervisory and inspection powers will also be strengthened, including the appointment and dismissal of key personnel for market operators, clearing houses, and financial advisors. Under the proposed bill, MAS will also be able to approve the appointment of agents by foreign regulatory authorities to conduct inspections on specific financial institutions.