Cryptocurrency Trading Remains Alive In Singapore

Forex News
Tharman Shanmugaratnam (Singapore Deputy Prime Minister) declared that according to Singapore Central Bank’s studies, the threat from the cryptocurrency market is not strong enough to prohibit the trading of the digital coins. To be more specific, the Deputy PM said: "Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to say if they will succeed. If some do succeed, their full implications will also not be known for some time. 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 trading here."