The Monetary Authority of Singapore (MAS), the Central bank of Singapore, has turned into the most recent financial guard to issue a notice on the dangers of putting resources into cryptocurrency.
It has been revealed that the new warning was triggered by the high growths in the prices of a series of cryptocurrencies, including bitcoin and Ethereum. Thus, these increments determined the Central Bank of Singapore to issue an open cautioning with respect to interests in cryptocurrency, as the bank professedly is concerned.
MAS requests that individuals be watchful at the dangers of Cryptocurrency speculations
The general Public cautioning was issued through a notice from the Monetary Authority of Singapore (MAS). The notice asked financial specialists and individuals, all in all, to be watchful with regards to the dangers of cryptocurrency speculations. The bank requested that individuals “demonstration with extraordinary alert” and look to see all the “critical dangers.”
— MAS (@MAS_sg) December 19, 2017