Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Abu Dhabi to host the largest autonomous racing league in the world

    March 18, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023
    Facebook Twitter Instagram
    Angola ReportAngola Report
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Angola ReportAngola Report
    Home » Singapore considers tightening cryptocurrency trading by retail investors
    Business

    Singapore considers tightening cryptocurrency trading by retail investors

    August 29, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    As stated by Singapore’s central bank chief, the city-state is considering new measures that will make it more difficult for retail investors to trade cryptocurrencies at a time when retail investors seem to be “irrationally oblivious” to the risks involved. According to Reuters, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said that adding frictions to consumers’ access to cryptocurrencies is something the authority is considering at a seminar on Monday.

    Singapore considers tightening cryptocurrency trading by retail investorsAccording to him, a few of these steps may include suitability tests for customers and restrictions on the use of leverage and credit facilities for cryptocurrency trading. As part of its efforts to protect retail investors from the potential risks associated with cryptocurrency trading, the MAS issued guidelines in January to limit cryptocurrency trading service providers from advertising their services to the public.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    Dollar slips as investors await Powell testimony

    March 6, 2023

    UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals

    February 27, 2023
    Latest News

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Abu Dhabi to host the largest autonomous racing league in the world

    March 18, 2023

    Funding drought compels UN food agency to cut rations in Afghanistan

    March 18, 2023

    Czech freediver dives into frozen Swiss lake to record depths

    March 17, 2023

    Magnitude 7.1 earthquake rocks Kermadec Islands in New Zealand

    March 16, 2023

    Despite banking turmoil, the ECB continues to hike rates

    March 16, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    India will have the largest green railway in the world by 2030

    March 14, 2023
    © 2023 Angola Report | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.