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

  • Alex Dovbnya
    📰 News

    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”).

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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