SINGAPORE -- Singapore on Wednesday proposed a ban on credit lines to fund cryptocurrency purchases, as the city-state takes another step to rein in the digital assets sector, which with the crash of coin prices this year has seen the fall of token service providers.
The Monetary Authority of Singapore, the country's central bank and financial regulator, kick-started a feedback-gathering phase that will last till Dec. 21 in which industry players can give their input on the suggested curbs and other proposals to guide the nascent sector.
