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Cryptocurrency Scams

Singapore Regulations Are Warning For New Crypto Scam

Singapore’s monetary authority (MAS) has warned the public against alleged fraud, which claims the government officially integrates crypto and more specifically – Bitcoin

The fraudulent scheme is spreading through websites that offer Crypto investments using untrue data attributed to the government. Fraudulent websites claim that Singapore adopts bitcoin as an official payment tool and requires users to provide personal and financial data to start buying.

In addition to reporting on the new crypto fraud, MAS has again warned the public about the problems of investing in cryptocurrency or digital assets, stressing that such investments are associated with a high risk.

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