Cryptocurrencies and their implications for Singapore
As crytocurrencies evolve, keeping up with blockchain technology - likely to become widely used - is key. Singapore is keeping abreast.
Add BT as a preferred source
THE market capitalisation of bitcoin and other cryptocurrencies seems to keep hitting fresh highs almost every other week. More cautious observers remind us about the "tulip mania" of 17th century Netherlands.
Central banks around the world are keeping a close eye on this phenomenon. The managing director of the Monetary Authority of Singapore (MAS) Ravi Menon announced recently that the Singapore government would monitor the market for risks, but not regulate cryptocurrencies for the time being.
THE RISE OF CRYPTOCURRENCIES
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Banyan Group heir Ho Ren Yung: ‘Better to be useful than happy’
