SINGAPORE -- Singapore is unlikely to head down China's path in imposing a sweeping ban on cryptocurrencies, but will work to make conditions more stringent for investors who wish to speculate on the digital tokens for profit, including possibly setting leverage limits.
Cryptocurrencies
Singapore eyes crypto credit curbs but China-style ban unlikely
City-state's central bank chief clarifies regulatory approach for digital tokens sector
Ravi Menon, managing director of the Monetary Authority of Singapore, speaks at the Singapore Fintech Festival in 2016. On Monday, he said the MAS will seek feedback on proposals to protect consumer interests. © Reuters
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