Singapore to restrict retail crypto speculation with new rules
Refusing locally issued credit card payments is one of the ways MAS believes will discourage speculation in crypto investments.
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Refusing locally issued credit card payments is one of the ways MAS believes will discourage speculation in crypto investments.
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
(Bloomberg) -- Singapore proposed additional regulations that further harden its stance against retail speculation in cryptocurrencies, including barring individual investors from borrowing to trade. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsAsia Sto
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
The Monetary Authority of Singapore (MAS) wants to discourage cryptocurrency speculation among retail customers, according to new regulations for Digital…