Singapore deputy PM says as of now, there is no strong case to ban cryptocurrency trading in Singapore
- Says will keep highlighting to Singaporeans that they could lose their shirts when they invest money in cryptocurrencies
- Says will be subjecting those involved as cryptocurrency intermediaries to Singapore's anti-money laundering regulations
- Says central bank will be imposing anti-money laundering and countering the financing of terrorism requirements on intermediaries that buy, sell or exchange virtual currencies
- Will continue to encourage experiments in the blockchain space that may involve the use of cryptocurrencies
Headlines via Reuters
So, that's a positive headline for bitcoin and friends. Which is nice. I should get some friendly comments on twitter.
When I post negative headlines I get the noobs trading crypto crying about my FUD. Its good for a LOL, I'll admit, but on a serious note they might like to check out confirmation bias. Its usually an eye-opener for noobs and a step along the road to good risk management. If they survive long enough, that is.
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Lovin' this fake news pic (check it closely)
more to come
