The Deputy Prime Minister of Singapore, Tharman Shanmugaratnam, has submitted a new comment on the government's commitment to not ban cryptocurrency.

In a series of fourteen statements issued Monday, February 5 in response to questions asked Tuesday by parliamentarians, Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of the regulatory body of Monetary Authority of Singapore (MAS), confirmed a general policy of non-intervention regarding cryptocurrencies for the future

". .. (MAS) has studied closely these developments and the potential risks they pose.At the present time, there is no serious case to prohibit the negotiation of cryptocurrency here ", said the vice-president Prime Minister

"But we will subject the actors to our anti-money laundering regulations … And we will continue to point out to Singaporeans that they could lose their shirts when they invest money. in cryptocurrencies. "

Like Japan, Singapore has imposed itself as a permissive environment for cryptocurrency and innovation Blockchain

On the opposite of China and the # 39 Indonesia, the city-state has particularly favored Blockchain as part of its attempt to become a global center for technology.

Addressing the disparity between Singapore and its neighbors, Shanmugaratnam, noted that the volumes involved were relatively small and that the exposure to the financial system was insignificant.

" For the time being, the nature and extent of cryptocurrency transactions in Singapore pose no risk to the security and integrity of our financial system "he continues.