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MAS weighing more crypto safeguards for consumers: Tharman

The Straits Times LogoThe Straits Times1 mo ago

MAS weighing more crypto safeguards for consumers: Tharman

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July 05, 2022 9:46 AM - Plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent.

Meanwhile, Singapore-based Three Arrows was last week censured by MAS for giving false information and for managing more assets than the rules allow.

SINGAPORE - Singapore is considering more safeguards to protect consumers after the plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent.


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Article Details

Category: Economy

Topics: Investors Cryptocurrencies Retail Cryptocurrency Singapore Including Crypto Three Market Tharman Arrows

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 09:46:34

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 682 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 30159

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #25

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