Singapore: MAS assessing regulatory curbs to protect cryptocurrency investors

Photo: Reuters

Singapore’s central bank is assessing whether additional regulations are required to protect investors in cryptocurrencies, an official said in a speech on Thursday.

The city-state – which is aiming to be a hub for financial technology and so-called initial coin offerings in Asia – does not regulate virtual currencies and last year called for the public to exercise “extreme caution” over investment in cryptocurrencies.

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