SINGAPORE - Recent guidelines prohibiting cryptocurrency service providers from promoting their services to the public by the Monetary Authority of Singapore (MAS) have left many in the industry frustrated and confused.
But some analysts and cryptocurrency watchers say the move is necessary as the number of crypto traders and frequency of cyberscams in the Republic grows.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you
