Ravi Menon, managing director of the Monetary Authority of Singapore, said cryptocurrency-based activities are ‘basically an investment in a prospective future, the shape of which is not clear at this point’. Photo: Bloomberg
Ravi Menon, managing director of the Monetary Authority of Singapore, said cryptocurrency-based activities are ‘basically an investment in a prospective future, the shape of which is not clear at this point’. Photo: Bloomberg
Singapore

Singapore seeks to cement itself as a global cryptocurrency hub

  • Monetary Authority of Singapore MD Ravi Menon said the city state risked being left behind by not getting a head start in how to handle cryptocurrency
  • ‘Strong regulation’ is being put in place and 170 companies have applied for a licence, with only three, including DBS Holdings, receiving one

Topic |   Singapore
Ravi Menon, managing director of the Monetary Authority of Singapore, said cryptocurrency-based activities are ‘basically an investment in a prospective future, the shape of which is not clear at this point’. Photo: Bloomberg
Ravi Menon, managing director of the Monetary Authority of Singapore, said cryptocurrency-based activities are ‘basically an investment in a prospective future, the shape of which is not clear at this point’. Photo: Bloomberg
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