cryptocurrency MAS Scam Singapore 

$78k lost to bitcoin investment scams in last 3 months

About $78,000 was lost to scams involving online articles that use false information to promote bitcoin investments between September and last month. These investment scams, which are advertised online, are designed to target Singapore residents, the police said yesterday. The online articles are usually paid advertisements that feature well-known personalities in Singapore who supposedly endorse bitcoin investments and have earned massive profits from them. In these online advertisements, bitcoin investments are portrayed as safe, secure and highly lucrative. People who click on links within the article are taken to a…

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Asia cryptocurrency Singapore 

Singapore Confirms It Will Not ‘Ban’ Cryptocurrency, Has No ‘Risk Concerns’

Singapore’s deputy prime minister Tharman Shanmugaratnam provided new commentary on the government’s commitment “not to ban” cryptocurrency as part of its future regulatory plans. In a series of fourteen statements published Monday, Feb. 5 in response to questions posed by members of parliament Tuesday, Tharman Shanmugaratnam, deputy prime minister and minister in charge of regulatory body the Monetary Authority of Singapore (MAS), confirmed a broadly hands-off policy regarding cryptocurrencies going forward. “…(MAS) has been closely studying these developments and the potential risks they pose. As of now, there is no strong case…

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