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Bitcoin News - Singapore's Financial Watchdog Warns More Scammers Using Its Chairman Name For Bitcoin Donations

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MAS updated its initial warning, stating that yet another website is promoting a “high-tech digital project” linked to MAS Chairman, trying to lure in Bitcoin investors
Singapore's Financial Watchdog Warns More Scammers Using Its Chairman Name For Bitcoin Donations

The Monetary Authority of Singapore (MAS) has recently updated its initial warning, stating that yet another website is promoting a “high-tech digital project” linked to MAS Chairman Tharman Shanmugaratnam, trying to lure in Bitcoin investors.

The financial watchdog urges everyone to be “extremely cautious” about such articles since they contain completely fabricated comments attributed to Chairman Tharman. Particularly, one such site falsely claims that Tharman is fully embracing crypto in sharp contrast to his negative stance on digital assets (Tharman earlier stated that crypto investors “could lose their shirts”).

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