Singapore central bank: Concerned public might be attracted to cryptocurrencies like Bitcoin after recent price escalation

Central bank/MAS has it’s say on cryptocurrencies

• Considers recent surge in prices to be driven by speculation
• Risk of sharp price drops is high
• MAS does not regulate cryptocurrencies and there is no regulatory safeguards

The finger is well and truly on the pulse among the Singaporean authorities.

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Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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