The Monetary Authority of Singapore is considering restricting retail investors’ use of leverage and credit facilities to trade cryptocurrencies as it joins global regulators in forging rules to govern digital assets.
What do you make of it ?
0 sats \ 0 replies \ @lipinip235 4 Sep 2022
It was expected. I don't believe any non-third-world country goverment will accept, let alone drive, the broad usage of bitcoin on the forseeable future, and will effectively make use of any bureaucratic apparatus it has available.
News like this will start popping up all around. What I do wonder is if these attempts from goverments to impose will eventually drive the creation of a btc black market, as it has happened with other restrictions in the past.
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