The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
The Mega Maxi
No Result
View All Result
Home News

Singapore Considering Stricter Rules for Retail Bitcoin and Crypto Investors

Danesh by Danesh
September 1, 2022
Reading Time: 1 min read
0
Singapore Considering Stricter Rules for Retail Bitcoin and Crypto Investors

Recent reports show that Singapore’s crypto regulatory environment is heating up, from allowing retail investors to participate to outright rejecting crypto licensing applications. The authority goes even further, urging crypto platforms to show data about their businesses’ weekly activities.

Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies. Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, said at an event this week that despite warnings, surveys show that consumers trading in cryptocurrencies globally are increasing, not just in Singapore. Some global cryptocurrency-related businesses in Singapore has been worrying about the tighter regulations. Many of which are not subject to the financial regulator’s guidelines and regulations on consumer protection.

RELATED POSTS

Nakamigos: Did the studio behind Cryptopunks launch the project?

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

The Independent Reserve has currently released a survey that shows 40% of Singaporeans who hold crypto. There are also 76% who holds two or more different crypto types, with Bitcoin being the most popular cryptocurrency with approximately 78% of holders, Ethereum being the third most popular cryptocurrency with 50%, and Dogecoin being the most popular cryptocurrency with 25% of holders.

Singaporeans appear to have a high awareness on crypto, with 90% of them having already heard of at least one specific type of crypto, while on the other hand, there are 87% who have heard of and are familiar with Bitcoin. Aside from these, 47% of Singaporeans plan to buy cryptocurrency in the next 12 months, according to the survey.

Editor’s Note: This article by The Mega Maxi is not a financial advise.

Tags: cryptocrypto regulationssingapore
ShareTweetShare
Danesh

Danesh

Related Posts

Nakamigos
News

Nakamigos: Did the studio behind Cryptopunks launch the project?

March 28, 2023
Metasports Acquires Kusho NFTs
News

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

March 22, 2023
Meta Killing NFT Features
News

Meta Is Killing Its NFT Features Amidst Crypto Meltdown

March 14, 2023
Next Post
Pinoy Play And Earn Game Anito Legends $LARO Token Is Now Live

Pinoy Play And Earn Game Anito Legends $LARO Token Is Now Live

Crypto Casino Stake.com Being Sued for $400 Million by Former Partner

Crypto Casino Stake.com Being Sued for $400 Million by Former Partner

Follow Us!

Recommended Stories

POW with Bianca

POW with Bianca

March 17, 2023
Honaka

POW With Honaka

March 6, 2023
Top Web3 Builders Axie

Top Web3 Builders That Started With Axie Infinity: How P2E Games Impacts Web3

March 22, 2023
Contact Terms Privacy

Name

Copyright © 2023 The Mega Maxi. All rights reserved.

Facebook-f Twitter Instagram Tiktok
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • Community
  • About
  • Contact Us

Copyright © 2022 The Mega Maxi. All rights reserved.

Stay Updated

Don’t miss out on the latest Web3 news, insights, and alphas. Get the best of TMM straight to your inbox!

Name
Email