The Monetary Authority of Singapore is joining the bandwagon of central banks commenting on cryptocurrencies
- Advises the public to act with "extreme caution"
- Must understand the significant risks if choosing to invest in cryptocurrencies
- Concerned that public may be attracted to invest in cryptocurrencies after recent price escalation
- Surge in prices of cryptocurrencies driven by speculation
- No regulatory safeguard for investments in cryptocurrencies
The usual warning by central banks first, before the idea of taxing capital gains start coming in from government officials. Yada yada.
