While MAS is considering requirements for risk disclosures for lending and staking, the regulator seems to be leaning towards outright prohibition, Nizam Ismail, CEO of Ethikom Consultancy and chairman of the regulatory and compliance sub-committee for the Blockchain Association of Singapore, told CoinDesk. “By putting in place blanket bans, Singapore-based platforms would be disadvantaged in not being able to offer these features,” Ismail said.