Crypto ATMs Shutdown in Singapore on ‘Impulse’ Trading

Published by
The Street

By Rob Lenihan Cryptocurrency adoption suffers a setback as Singapore officials shut down crypto ATMs. In what appears to be a body blow to mainstream adoption, financial regulators in Singapore took cryptocurrency ATMS offline over concerns about trading digital tokens “on impulse.” In announcing the new guidelines, the Monetary Authority of Singapore (MAS) said that some digital payment token, or cryptocurrency, providers “have been actively promoting their services through online and physical advertisements or through the provision of physical automated teller machines (ATM) in public areas…

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