No Strong Reason to Ban Cryptocurrency Trading

Following a keen study on cryptocurrencies and their trading by the country’s central bank, Singapore’s deputy prime minister has stressed there is no reason to ban cryptocurrency trading among residents. Tharman Shanmugaratnam, Singapore’s deputy prime minister and minister in charge of the central bank, was speaking at a parliamentary session yesterday when he fielded questions by three Members of Parliament (MEPs) about any potential ban of cryptocurrency trading in Singapore. The questions pointedly mentioned China’s ban on domestic exchanges and South Korea’s similar – but now debunked – hostile stance with local trading markets. Is “any action…being considered to ban the trading of bitcoin currency or cryptocurrency…?” was one of the questions posed.

Reference: https://www.ccn.com/no-strong-reason-ban-cryptocurrency-trading-singapore-deputy-pm/

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