Image from Bloomberg
SINGAPORE (Bloomberg): Singapore proposed additional regulations that further harden its stance against retail speculation in cryptocurrencies, including barring individual investors from borrowing to trade.
Digital payment token service providers won’t be allowed to offer any incentives for retail trading in cryptocurrencies or provide financing, margin or leverage transactions, the Monetary Authority of Singapore said in a statement on Thursday. They also won’t be able to accept locally issued credit card payments, the MAS said.
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