The government of Singapore made against the ban of cryptotrading
Deputy Prime Minister of Singapore Tarman Shanmugaratnam said that currently the Central Bank is studying the potential risks associated with digital currencies, however, nothing serious to ban crypto trading has not yet been found.
Shanmugaratnam added that he considers cryptocurrencies an experiment that grows in various forms at the international level. It is too early to talk about banning cryptocurrency trade, according to the politician.
This statement was a response to the proposal Of members of the Parliament of Singapore to ban the activities of cryptocurrency exchanges.