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.
Cryptocurrencies
Singapore proposes ban on crypto credit to rein in token trading
Financial regulator issues framework to tighten digital assets oversight
The Monetary Authority of Singapore is moving beyond the scrutinizing of crypto companies to limiting the ways retail investors can partake in trading. © Reuters
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