Gulf Newsbreak
    What's Hot

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    • Home
    • Contact Us
    Facebook Twitter Instagram
    Gulf NewsbreakGulf Newsbreak
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    Gulf Newsbreak
    Business

    Singapore considers tightening cryptocurrency trading by retail investors

    August 29, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email Tumblr Reddit VKontakte Telegram

    As stated by Singapore’s central bank chief, the city-state is considering new measures that will make it more difficult for retail investors to trade cryptocurrencies at a time when retail investors seem to be “irrationally oblivious” to the risks involved. According to Reuters, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said that adding frictions to consumers’ access to cryptocurrencies is something the authority is considering at a seminar on Monday.

    Singapore considers tightening cryptocurrency trading by retail investorsAccording to him, a few of these steps may include suitability tests for customers and restrictions on the use of leverage and credit facilities for cryptocurrency trading. As part of its efforts to protect retail investors from the potential risks associated with cryptocurrency trading, the MAS issued guidelines in January to limit cryptocurrency trading service providers from advertising their services to the public.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    Successful UAE-India partnership stands as a model of bilateral cooperation

    May 27, 2023

    ADIHEX introduces first-ever Best Hunting Knife competition

    May 23, 2023

    RBI withdraws Rs 2,000 notes from circulation, sets deadline for exchange or deposit

    May 20, 2023
    Latest News

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global stocks and oil prices surged on Monday as investors cautiously welcomed news of an…

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    WHO report urges governments: prioritize food security over tobacco industry

    May 27, 2023
    Business

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023
    News

    WHO report urges governments: prioritize food security over tobacco industry

    May 27, 2023

    India soaring to new heights: the impact of nine years of Modi’s leadership

    May 25, 2023

    PM Modi begins action-packed three-nation tour, eyeing over 40 engagements

    May 19, 2023
    Travel

    Etihad’s eco-friendly milestone: CO2 emissions down by 26 percent

    May 19, 2023

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    Dubai airline flydubai announces AED1.2 billion profit for 2022

    March 1, 2023
    © 2022 Gulf Newsbreak | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.