No Strong Case to Ban Crypto Trading, Singapore Says

[Cordillerabit]

According to the Deputy Premier, MAS is participating in international regulatory discussions. “That said, the cryptocurrency space is rapidly changing and regulatory thinking is still evolving, including in the US, UK, and Europe”. Shanmugaratnam noted that the use of cryptocurrency for payments in Singapore is limited and trading volumes are much smaller than in countries like Japan and South Korea. He stated:

For now, the nature and scale of cryptocurrency trading in Singapore does not pose risks to the safety and integrity of our financial system.

Source: https://news.bitcoin.com/no-strong-case-to-ban-crypto-trading-singapore-says/