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 09:23 2019 Friday ,30 August
Testing
GMT 09:34 2019 Monday ,19 August
Live a positive and important atmosphere
GMT 01:34 2014 Friday ,04 July
Egypt to join New York's museum exhibit
GMT 10:11 2019 Monday ,19 August
Resist your appetite and weakness
GMT 21:17 2014 Saturday ,25 January
Europe oil buyers return to Tehran to talk business
GMT 16:40 2017 Monday ,13 February
Muscat bourse edges down on weak sentimentGMT 10:32 2011 Friday ,14 October
Milan mayor hails Kuwait for festival successGMT 15:21 2011 Thursday ,23 June
Lost property is found art at new London show
GMT 08:10 2017 Saturday ,15 July
Attacker of 6 tourists in Hurghada arrested
GMT 13:38 2014 Thursday ,15 May
Why this Moroccan hotel takes the top spot for exceptional service
GMT 09:01 2017 Wednesday ,14 June
Two doctors attacked by patient’s relatives
GMT 10:38 2016 Saturday ,26 November
Denmark eye first World Cup, chased by USA
GMT 10:02 2017 Saturday ,22 July
Israel is dragging us into religious war: Palestinian govtGMT 11:35 2012 Sunday ,15 April
World\'s most incredible mountain viewsGMT 12:46 2012 Tuesday ,13 March
Mini guide to Great SingaporeGMT 11:16 2012 Thursday ,15 March
Dublin\'s Viking heritageGMT 11:28 2011 Thursday ,23 June
School hit by measles outbreak
GMT 02:58 2017 Friday ,13 January
Typeface designers create new Arabic fonts
GMT 09:38 2017 Friday ,18 August
In Lebanon, salt producers fear craft is drying up
GMT 10:10 2018 Monday ,08 January
One dead, one hurt in blast outside Stockholm area metro
GMT 16:54 2014 Saturday ,26 July
'Evil Dead' series in development with Bruce Campbell, Sam Raimi
GMT 08:01 2014 Saturday ,10 May
McCartney returns to Tokyo venue for first time since 1966GMT 11:22 2013 Tuesday ,29 January
Google unveils detailed North Korea map
GMT 19:39 2015 Wednesday ,11 November
Apple Music picks up beat on Android phones
GMT 09:04 2016 Saturday ,23 April
Google seeks to play down EU Android probe
GMT 06:21 2013 Thursday ,17 October
Assailants throw grenades at radio station in Puntland
GMT 07:50 2015 Sunday ,27 December
Cue Card pips Vautour in vintage King George VI Chase
GMT 19:52 2015 Sunday ,03 May
Realtors in Myanmar seek to build up property business network
GMT 07:35 2015 Monday ,28 December
Sri Lanka cricket stars sorry for Enrique concert chaos
GMT 09:48 2016 Monday ,11 January
Sri Lankan capital sues Enrique concert over 'unpaid taxes'GMT 00:55 2012 Tuesday ,21 February
Simpsons marks 500th episode, Assange guest stars
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor