Singapore Agency Claims Cryptocurrency Speculation “Destroying” Blockchain Potential

Singapore Agency Claims Cryptocurrency Speculation “Destroying” Blockchain Potential

Sopnendu Mohanty of the Monetary Authority of Singapore (MAS) has claimed that cryptocurrency “speculators” are destroying the potential of Blockchain. Mohanty says the MAS is experimenting with Blockchain to find a “use case” but that the soaring value of digital currency is bringing on additional regulatory scrutiny.

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