The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
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

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

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

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%
News

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

July 31, 2023
Opensea Launches 'Deals', A Peer-to-Peer NFT Swap
News

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

July 21, 2023
Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.
Business

Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.

July 20, 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

No Content Available
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
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • About
  • Partner With 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