Russia's Central Bank has proposed banning cryptocurrency mining, trading, exchanging, and investments claiming that Digital Payment Tokens threaten financial stability, and citizens' wellbeing.
The Monetary Authority of Singapore has effectively banned all promotions of cryptocurrencies and services that deal in digital tokens. The regulator claims they are "high-risk" investments.
Singapore is now a major crypto hub. But for whom? In this primer, Malcolm Tan explains Singapore’s regulatory evolution and which groups are in its favor.