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Singapore’s central bank issues guidelines to discourage crypto public trading: Crypto moves

From arabnews.com

Bitcoin, the leading cryptocurrency internationally, traded lower on Monday, falling by 1.48 percent to $42,558 at 6:51 p.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,241 down by 3.14 percent, according to data from Coindesk. Other news The Monetary Authority of Singapore issued on Monday guidelines restricting cryptocurrency trading service providers from promoting their services to the general public, as part of an effort to protect retail investors from potential risks. In the new guidelines, MAS asserts that companies should not engage in marketing or advertising of DPT services ... (full story)

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  • Category: Fundamental Analysis