Singapore Bitcoin Industry

[rbys90]

https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/

The account closures come soon after the MAS issued a release stating that digital tokens, distinguished from cryptocurrencies, may be classified as securities. The release was followed by another statement which warned customers about the risks of investing in initial coin offerings (ICOs).

Share your thoughts on this issue why Singapore government is regulating bitcoin industry in Singapore. Appreciate it.

[martyMC]

You think it's a political matter?
I think it's because of the china influence.