Monetary Authority of Singapore in an email response to queries on cryptocurrencies

  • Has put out a number of consumer advisories to highlight significant risks of cryptocurrencies
  • Does not regulate cryptocurrencies
  • There is no specific regulatory framework for such products

They have made comments before in December last year here. Mainly just reinforcing their stance on the matter with these comments, but so far they're not really encouraging cryptocurrency trading all too much.

Join the conversation in our new Telegram group.