Singapore issues cryptocurrency warning
Singapore issues cryptocurrency warning
Singapore - Egypt Today
Singapore Tuesday issued a warning about cryptocurrencies after a recent surge in prices sent investors flocking to bitcoin.
"The Monetary Authority of Singapore advises the public to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies," the city-state's central bank said in a statement.
"MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as Bitcoin, due to the recent escalation in their prices."
It said the recent spike in bitcoin prices comes from speculation, and cautioned that the bubble may burst.
Singapore's central bank joins a number of regulators who have warned about cryptocurrency investments, including the US Federal Reserve, which said bitcoin could threaten financial stability.
- Tuesday ,28 November GMT 12:12 2017 Bitcoin hits new records, heads for $10,000 as bubble fears grow
GMT 14:38 2017 Friday ,08 December
Bitcoin plunges 15% in wild tradingGMT 12:38 2017 Wednesday ,06 December
Bitcoin defies bubble fears and smashes $12,000GMT 15:40 2017 Wednesday ,29 November
Bubble or brave new world? Bitcoin breaks $10,000 barrierGMT 12:12 2017 Tuesday ,28 November
Bitcoin hits new records, heads for $10,000 as bubble fears growGMT 12:08 2017 Thursday ,23 November
Singapore growth beats forecasts as global trade improvesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 10:40 2016 Saturday ,17 December
keeps self-driving cars rolling
GMT 13:53 2017 Friday ,17 February
Keith Urban leads country nominations after Pitbull rap
GMT 13:32 2018 Friday ,16 November
Morocco railway has fastest journey time in Arab world
GMT 12:18 2018 Thursday ,27 September
Clashes in West Bank as Israelis visit holy site
GMT 07:46 2017 Saturday ,15 July
Egypt’s mufti condemns Israeli detention of Al Quds Mufti
GMT 23:51 2015 Thursday ,23 July
Azhar mourns victims of Warraq sunken boat
GMT 21:20 2017 Monday ,01 May
Scores killed in Daesh, Taliban clash
GMT 10:18 2017 Monday ,26 June
Abu Dhabi CP greets Sisi
GMT 13:18 2016 Tuesday ,29 March
World's nations gather
GMT 07:32 2017 Thursday ,28 September
Trump says US captive in North Korea was tortured
GMT 12:32 2017 Friday ,05 May
Farhan, Ritesh plan web series
GMT 22:21 2017 Sunday ,05 March
Rashid Al Nuaimi launches environment-friendly electric vehicle
GMT 20:42 2017 Tuesday ,11 July
Syrian forces retake several towns eastGMT 21:05 2011 Wednesday ,27 April
Qatar exchange up 0.59%
GMT 13:36 2017 Tuesday ,11 July
Ragheb Allama denies participation in “The Voice”GMT 14:48 2011 Friday ,03 June
Scientists find mechanism of UV light-induced skin aging
GMT 02:14 2014 Thursday ,23 January
SpaHub shares the 5 best winter spa treatments
GMT 11:08 2017 Friday ,11 August
ISIS launched consecutive attacks targeting Syrian regime forces
GMT 14:54 2017 Monday ,08 May
Macron election gives hope to French Muslims, says Paris main mosque
GMT 09:59 2018 Wednesday ,24 January
Minnie gets her star, a few decades
GMT 07:30 2017 Sunday ,05 November
'We need to do more' about misinformation
GMT 13:56 2018 Sunday ,14 January
Wolf & Whistle launches curve range and unveils Demi Rose Mawby collaboration
GMT 12:25 2018 Tuesday ,09 January
'Jumanji' bounds out of the jungle to top North American box offices
GMT 11:19 2018 Tuesday ,02 January
We're not weak': Thai trans boxer to blaze trail in France
GMT 06:35 2017 Tuesday ,15 August
German economy grows by 0.6% in second quarter
GMT 11:00 2017 Friday ,03 November
Shortfall in climate action is 'catastrophic'
GMT 13:31 2017 Monday ,09 October
Brazil's south holds Catalan-inspired independence poll
GMT 09:51 2015 Thursday ,10 September
Marvel adds Native American, Korean superheroes
GMT 11:24 2017 Thursday ,21 December
Arab, foreign investors acquire 11% of Beltone Financial Holding
GMT 07:00 2017 Saturday ,05 August
Rawda invents a new idea to design accessories
GMT 12:39 2017 Tuesday ,10 October
Egyptians celebrate victory of their national team
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor