Singapore will not prohibit the cryptocurrency trading

The Central Bank and the financial regulator of Singapore (MAS) is studying the potential risks associated with cryptocurrency trading, but it is not going to prohibit it, said Deputy Prime Minister of Singapore Tharman Shanmugaratnam.

«Cryptocurrency is an experiment. It is too early to say whether it is successful.The results of acceptance or prohibition of cryptocurrency to the public is also difficult to assess for some time.

Central Bank is carefully studying the digital currency and the potential risks associated with them. Today we have no good arguments to ban trade in cryptocurrencies», – he answered the questions of the members of the Parliament to ban trading bitcoins.

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