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

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Wed, 19/09/2018 - 15:37
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Singapore's Financial Watchdog Warns More Scammers Using Its Chairman Name For Bitcoin Donations
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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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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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