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

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

Wed, 19/09/2018 - 15:37

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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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.