[Singapore Plans to Optimize Crypto Asset Capital Regulation: Public Chain Assets May No Longer Be Categorized as High Risk Across the Board] Reported by Golden Finance, on April 21, according to Caixin, the Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a more favorable regulatory capital guideline for handling crypto assets on permissionless blockchains (commonly referred to as public chains) before implementing the Basel crypto asset capital requirements. It is reported that the Basel crypto asset capital requirements divide crypto assets into two groups: the first group includes tokenized traditional assets and stablecoins, which are subject to lower capital requirements; the second group includes crypto assets that do not meet the criteria of the first group. The MAS plans to abandon the approach of categorizing all permissionless blockchain crypto assets into the second group across the board. Instead, it will allow such assets to be classified as lower-risk-weighted and subject to more lenient prudential requirements under the first group, provided they meet a series of principled conditions, thereby achieving regulatory technology neutrality. Specific provisions include: Banks registered locally in Singapore must ensure that their exposure to permissionless blockchain crypto assets classified as first-group assets does not exceed 2% of their Tier 1 capital. Additionally, if such assets result in liabilities at the bank level, the issuance scale must not exceed 5% of Tier 1 capital.