Singapore President Calls Cryptocurrencies “Pure Investment Activity”
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Singapore’s President Tharman Shanmugaratnam in a recent statement shared his views on cryptocurrencies. He showed his interest in trading and investing in cryptocurrencies as a bit crazy, and suggested that the authorities should communicate the potential risks associated with them to the public. The Singapore MAS has been actively monitoring the crypto industry and has implemented regulations to mitigate potential risks and protect consumers. Nonetheless, Singapore remains a welcoming hub for fintech companies, including those that specialize in cryptocurrencies and blockchain technology.