Monetary Authority of Singapore: Will Crack Down on Cryptocurrency Speculation

According to Chain Catcher news and Bloomberg, Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore, stated that there will be a crackdown on cryptocurrency speculation. Sopnendu Mohanty mentioned that many project advertisements at TOKEN2049 in Singapore completely omitted any mention of risk-related issues, and the Monetary Authority needs to make the market aware that this asset class is not suitable for retail investors. (Source link)