<ul><li>Singapore's Minister of State for Trade and Industry and Culture, Community and Youth Alvin Tan advised that consumers should stay clear of cryptocurrencies, citing their high volatility, speculation, and lack of fundamental value.</li><li>MAS (Monetary Authority of Singapore) has consistently warned the public about the risks of dealing in cryptocurrencies and has imposed stricter regulations, prohibiting digital payment token service providers from offering credit or leverage to retail customers, and banning the use of locally issued credit cards for cryptocurrency purchases.</li></ul>

Singaporeans Should Stay Clear of Cryptocurrencies, Says Alvin Tan

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