The Monetary Authority of Singapore (MAS) has released a consultation paper on April 17, 2026, proposing more flexible regulatory capital guidelines for crypto assets on permissionless blockchains, ahead of implementing the Basel crypto asset capital requirements. The current Basel regulations are seen as overly stringent for public blockchain assets, potentially stifling banking innovation. MAS plans to abandon a "one-size-fits-all" classification approach, allowing public blockchain crypto assets that meet certain principles to be classified as lower-risk, Group 1 crypto assets with more lenient prudential requirements, aiming for regulatory technology neutrality.