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Cryptocurrencies

Singapore clamps down on ads for 'highly risky' crypto trading

Move signals further caution despite platforms' eagerness to tap financial hub

Regulators across jurisdictions are moving to tighten scrutiny of the emerging crypto sector, which is known for operating across borders and away from regulatory oversight (Source photo by Getty Images and Reuters).
DYLAN LOH, Nikkei staff writer | Singapore

SINGAPORE -- Singapore's financial regulator is clamping down on the marketing of cryptocurrency services in the city-state in a further setback for digital asset service providers looking to establish themselves in the Asian financial hub.

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