Singapore Officials Urge Caution in Crypto Investing

view original post

“When transacting with cryptocurrencies, we urge the public to only deal with entities that are regulated by” the Monetary Authority of Singapore, Shanmugam, who’s also law minister, wrote in a reply Tuesday. “Members of the public should also practice healthy skepticism to ask, check and confirm before making any transactions on cryptocurrency-related platforms, whether they be investment-related, or for online games.”