The Monetary Authority of Singapore Warns Public About Scammers Who Are Trying To Sell Non-Existent National Cryptocurrency

While Iran is finding ways to adopt state-backed cryptocurrency, Singapore is fighting with rumours about launching its own cryptocurrency. The Monetary Authority of Singapore (MAS) announced that the state would not release any cryptocurrency.

The regulator posted a statement on the website:

“The MAS warns members of the public not to be misled by fraudulent websites that solicit investments in cryptocurrencies using fabricated information attributed to the Singapore Government.”

According to the MAS, scammers try to sell Singaporean cryptocurrency across the web. They create fake articles and news, mentioning respected news outlets, and spread that Singapore is launching a national cryptocurrency. Moreover, they state that the government chose a specific company to trade that cryptocurrency.

People, who are not engaged in cryptocurrency world, and who are not aware about latest news in it, should be extremely careful, as they often become victims of such crimes.

We remind you:

Scammers Try to Impersonate Major YouTube Influencers

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/