The MAS insists on local crypto companies promoting their services only on their websites, official social media accounts, or mobile applications.
The city-state’s central bank – the Monetary Authority of Singapore – reportedly issued guidelines that limit crypto trading service providers from promoting such assets. The financial institution believes dealing with digital assets is highly risky and unsuitable for every investor.
Those features have attracted a considerable chunk of the locals, who started delving into the industry in recent months. In fact, a surveyDespite all of this, the Monetary Authority of Singapore However, trading bitcoin and altcoins could pose risks to inexperienced investors as the asset class is still highly volatile, Yee concluded:
In case locals decide to allocate their retirement savings to cryptocurrencies, they should seek assistance from a licensed financial advisor, the agency recommended:
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 curbs crypto marketing in digital asset crackdownSingapore advised that service providers should only market their wares on their own websites, apps or social media.
Lire la suite »
Australian football league secures $25M deal with Crypto.comThe AFL's women's league AFLW has secured a sponsorship deal with digital assets exchange Crypto.com in what will be the first major crypto sports sponsorship in Australia.
Lire la suite »
Hulu Targets `Streamers of Tomorrow' as It Seeks Candidates With Metaverse, NFT BackgroundsNEW: Hulu looks to hire brand manager for help breaking into NFTs and the metaverse by elitanjourno
Lire la suite »
Bank of America Says Solana Could Take Market Share From Ethereum, Become the 'Visa of the Digital Asset Ecosystem' – Altcoins Bitcoin NewsBank of America's analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects 'Solana could become the Visa of the digital asset ecosystem.'
Lire la suite »
Spain to Impose Restrictions on Crypto Promotions: ReportIn an EU first, Spain is imposing restrictions on influencers' promotion of crypto assets. The head of Spain's markets watchdog described influencers as 'a backdoor to avoid regulation.' By JamieCrawleyCD
Lire la suite »