Singapore warns against crypto scam

The Monetary Authority of Singapore will need to decide whether to tighten policy in the face of steady economic growth and greater fiscal spending, or hold its stance because of growing global risks.

SINGAPORE: The Monetary Authority of Singapore (MAS) today warned members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government.

In a statement here, the central bank said that these websites falsely claimed that Singapore is adopting a cryptocurrency as its official coin.