Singapore Looks to Curb Crypto Ads

Singapore Looks to Curb Crypto Ads
The Monetary Authority of Singapore (MAS) issued a set of guidelines on Monday that limit crypto firms from advertising their services to the public.Digital payment token (DPT) service providers “should not promote their DPT services to the general public in Singapore,” MAS said in a statement. Crypto is “highly risky and not suitable for the general public” and service providers should not trivialize the high risks of trading, the central bank said.Digital asset firms should not market their services in public areas or media that address the general public including newspapers, broadcast and magazines or social media platforms. That includes…