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Singapore bans cryptocurrency ads and promotion to public claiming it's high-risk investment

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News, Reviews & Betas which includes large community peer support The Monetary Authority of Singapore has effectively banned all promotions of cryptocurrencies and services that deal in digital tokens. The regulator claims they are “high-risk” investments.
Singapore is clamping down on cryptocurrency promotions. The Monetary Authority of Singapore (MAS) has released new guidelines governing Digital Payment Tokens (DPT), commonly known as cryptocurrencies, which essentially prohibit their ads and marketing of services. The sovereign island city-state reportedly feels the virtual monies are a very high-risk investment or trading instrument. Any service provider, company, agency, or large-scale middle-men dealing with cryptocurrencies, are not to advertise their services in Singapore.

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