Singapore's monetary authority has ordered the closure of cryptocurrency ATMs, which it states could encourage people to trade on impulse. — REUTERS/File Photo
Cryptocurrency ATMs, one visible reminder of Singaporeans’ rising appetite for digital tokens, are being closed down as the city-state moves to dramatically limit consumer marketing of crypto.
Daenerys & Co., Singapore’s biggest operator of the machines, ceased its services to comply with the Monetary Authority of Singapore’s request, the company said late Tuesday.
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