08 Feb '18, 7am

Singapore won’t ban cryptocurrency trading, but be warned of the risks: Tharman https://t.co/5RGKWlZKoH

Depending on who you talk to, cryptocurrency is either the hottest, most profitable commodity on the market, or a massive bubble just waiting to burst. A few countries have already moved to introduce regulations on trading. China has already banned cryptocurrency exchanges , while South Korea is considering its own regulatory measures . Advertisement Bitcoin is biggest bubble ever, surpasses Dutch Tulip Mania No plans to ban But the small yet vibrant crypto community in Singapore don’t have to worry about getting shut down. According to Deputy Prime Minister Tharman Shanmugaratnam, the authorities have no plans to ban cryptocurrency trading. In a written Parliament reply on Feb. 5, he said: “The Monetary Authority of Singapore (MAS) has been closely studying these developments and the potential risks they pose. As of now, there is no strong case to ban cryptocurrency tradi...

Full article: https://mothership.sg/2018/02/tharman-cryptocurrency-trad...

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