Crypto ATMs have closed down in Singapore after the central bank says they could encourage consumers to trade cryptocurrencies 'on impulse.' bitcoin
“To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator.Cryptocurrency ATMs are closing down in Singapore to comply with new regulations published Monday by the central bank, the Monetary Authority of Singapore .
To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS.Both Daenerys and Deodi are among the companies that have applied to the MAS for a license to offer digital payment token services. DPT is commonly known as cryptocurrency, the MAS has clarified. About 170 firms applied for a license but about 100 have either“Guidelines to Discourage Cryptocurrency Trading by [the] General Public” Monday.
This could encourage consumers to trade DPTs on impulse, without fully understanding the attendant risks.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Singapore crypto ATMs shut down after central bank crackdownThe new clampdown on crypto ATMs has surprised some local cryptocurrency companies.
Lire la suite »
Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public – Regulation Bitcoin NewsThe Singapore central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.” Crypto bitcoin
Lire la suite »
Singapore crypto ATMs shut down after central bank crackdownThe new clampdown on crypto ATMs has surprised some local cryptocurrency companies.
Lire la suite »
Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions – Regulation Bitcoin NewsBank Alfalah in Pakistan has reportedly asked customers to avoid carrying out cryptocurrency transactions using its banking channels. crypto
Lire la suite »
Bitcoin investors dig in for long haul in 'staggering' shiftAs bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip.
Lire la suite »
New Spanish Regulations to Target Crypto Investment Ads – Regulation Bitcoin NewsAs part of the new regulations, influencers are required to inform their followers of the risks that are associated with the investments they promote. investment risk
Lire la suite »