Singapore S Watchdog Urges Financial Firms To Discourage Retail Crypto Trading
Responding to a parliamentary question on August 1, which concerned licenses awarded to digital payment token (DPT) service providers in Singapore, Tharman Shanmugaratnam, Senior Minister and Minister in charge of the Monetary Authority of Singapore (MAS) explained that: Crypto risks warrant warnings In addition, Shanmugaratnam stressed that his organization remained cautious where cryptocurrencies are concerned, reflected in its advice against any involvement in trading such assets: Commenting on the hazards resulting from the recent crypto market collapse and the threat of their spread to Singapore, Shanmugaratnam explained that the nation was safe in this sense....