Subscribe to Updates

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

    What's Hot

    SAUDI ARABIA UNVEILS TOP TOURISM LEADERS AND GLOBAL MINISTERS IN SPEAKER LINEUP FOR WORLD TOURISM DAY 2023

    September 23, 2023

    Grow with Huawei Cloud: Accelerating GTM and Sales with Empowered Benefits

    September 22, 2023

    Hisense Showcases Hero Mini-LED ULED Television, The U8, at ‘Portals to Beyond’ Event in South Africa

    September 22, 2023
    Facebook X (Twitter) Instagram
    Lusail MediaLusail Media
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Lusail MediaLusail Media
    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

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023
    Latest News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    Business September 11, 2023

    At the Bharat Mandapam in New Delhi, the curtains have come down on the 18th…

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023
    © 2023 Lusail Media | All Rights Reserved
    • Home
    • Contact Us

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