Singapore May Introduce Further Cryptocurrency Restrictions
The revelation comes weeks after repeated warnings from the government that cryptocurrencies, due to their “sharp speculative price swings”, are unsuitable retail investments for the public. Recent market events clearly demonstrated the risks with prices of several cryptocurrencies dipping significantly, said Senior Minister and Minister in Charge of Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam. In a written response issued Monday to a parliamentary question, he said MAS since 2017 had issued cautionary notes about cryptocurrency investments....