Currently, it is legal in Singapore to hold and trade in cryptocurrencies.Įxpressing an interest in further developing the crypto and blockchain technologies, the Singaporean regulator advised other nations also to enter the cryptocurrency space. ![]() Despite lacking clarity on how the future of cryptocurrencies would unfold, Menon said cryptocurrencies are articles for investment in the prospective future. Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has expressed relief that the city-state kept an open mind around the crypto-space before many other countries. ![]() At a time the crypto-space is witnessing a rapid global expansion, Singapore is planning to create an adoption-driven, pro-crypto climate in the island nation.
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