Central Bank of Singapore To Release Bitcoin, Crypto Regulation Plans Today

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  • The central bank of Singapore will release plans next month to make the country a hub for bitcoin and other digital assets.
  • Following the contagion outbreak, many companies hid behind the regulatory barriers of Singapore.
  • The country seeks to protect consumers and investors by properly regulating these entities while encouraging businesses within the ecosystem.

The Monetary Authority of Singapore (MAS) will release plans next month detailing guidelines for the country of Singapore to become a hub for bitcoin and other cryptocurrencies, according to a press release from the regulator.

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