Singapore's central bank said it was reviewing regulations again cryptocurrency. March 1

Part of a speech quoted by various publications on Thursday saw the Deputy Director General of the Monetary Authority of Singapore (MAS), Ong Chong Tee, noting an "assessment" possible new cryptocurrency regulations in the city-state.

"We are assessing whether additional regulations are needed for investor protection"

The latest comments contrast with those of the Deputy Prime Minister of Singapore Tharman Shanmugaratnam, who in early February 2018 told parliament that there was "no systematic risks" posed by the phenomenon to the banking sector or the economy in broad sense

While Shanmugaratnam added that the authorities continued to "closely study" Bitcoin and associated assets, Shanmugaratnam made no mention of regulation on the horizon.

A week later in mid-February Sopnendu Mohanty, a FinTech officer, said in an interview with CNBC that the speculative activity of traders posed a threat to cryptocurrency as a whole , adding that MAS hoped to find a "case of long-term use" for Blockchain

As reported by Cointelegraph last week, Singapore remains one of the most more permissive for companies in the areas of Blockchain and cryptocurrency.

The Singapore approach even gave birth to an international governmental fan club. in Kazakhstan, publicly announcing its wish to follow in the footsteps of the city-state regarding blockchain politics in particular.