Today news
About the same in other media
Singapore ready to ‘lead,’ when a crypto economy ‘takes off’
Reading now: 333
Ravi Menon, Managing Director of Monetary Authority of Singapore, revealed in an interview with Bloomberg that the nation-state wants to lead the crypto race.
As reported earlier, Singapore had turned into one of the biggest beneficiaries after China’s policy decision to ban Bitcoin. Since then, cryptocurrency exchanges have been legally functioning within their boundaries. In fact, MAS has been handing out licenses to new businesses, including overseas players.
However, MAS’s Menon agreed that crypto is indeed “disruptive.” Speaking on “the crypto phenomenon,” Menon said,
“It could lead to nowhere. Or it could lead to a lot of risk and turmoil or it could lead to a very good outcome for the economy and for society.”
But, unlike other
Read more on ambcrypto.comAbout this in other media
Peru to partner with India, HK and Singapore central banks on a CBDC cointelegraph.com /2 years ago
CRO Rallies as Crypto.com Scores USD 700M Arena Deal cryptonews.com /2 years ago
Crypto investments in ASEAN surge to 424% in 2021 ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
