Bank of Singapore Do not advertise crypto in public.
|
|
Bank of Singapore Do not advertise crypto in public.
MonetarySLOTXOAuthority of As I said at the beginning, using the slot game service allows you to deposit and withdraw automatically, which is convenient from the beginning. Our website Therefore, we have developed a system for depositing and withdrawing money. It allows you to use it conveniently and quickly when making deposits, withdrawals and replenishments. A deposit and withdrawal system, which is difficult without telling the staff the slip, can confirm that the transaction is accurate, accurate and Singapore Issues Guidelines Banning Crypto Trading Companies Advertising in the media-public space including prohibiting the hiring of influencers Explain that cryptocurrencies are high risk. not suitable for the general public
On January 18, 2022, the Straits Times reported that The Monetary Authority of Singapore (MAS) has issued guidelines banning cryptocurrency operators. or cryptocurrencies from advertising its services to the general public on January 17, 2022 as part of an effort to protect retail investors from potential risks.
stating that Singapore's central bank It has regularly warned the public that trading cryptocurrencies carries a high level of risk. and not suitable for the general public
Singapore's central bank said Crypto service provider platforms should act with the understanding that “Crypto trading is not suitable for the general public” has set guidelines. In order not to promote their services to the general public in Singapore as follows:
1. Prohibit crypto service providers Promote their services in public places in Singapore or through any other media aimed at the general public in Singapore. including placing ads or any form of promotional material in public areas such as Singapore public transport. public transport facility broadcast media or publications third party website social media platform including organizing public events and roadshows
2. Crypto Service Providers can promote their services on the company's website mobile application or their official social media accounts But it must not be understood that the risks of crypto. It's a little inconsistent. or conflict with the risk disclosure under the Payment Services Act.
3. Crypto providers should not engage with third parties such as social media influencers. (Influencers) or third party websites To promote their crypto services to the general public in Singapore Including promotional campaigns together to attract new customers. |
|
|
|
|
|
