Monetary Authority of Singapore (MAS) bans crypto ads in public areas
Although Singapore is one of the most cryptographic management strategies in the world, Singapore is still deaf to the description of swashbuckler information. The country recently banned companies that operate well in the cryptocurrency industry by advertising in public places.
The Singapore Monetary Authority (MAS) has announced counting procedures that will be used by digital payment providers (DPTs). According to this information, ADGs should not take their place in the public eye.
MAS refers to investor protection
In addition to this restriction, MES has also warned the public about the serious dangers to animals and pets in the crypto sector. To ensure that non-public members are not tempted to invest in unprotected areas, MES has banned cryptographic publications on public transport websites, public websites and social media platforms. , print news and publish.The Chinese rules apply to additional crypto providers registered in the country that are currently in transition.
MES added that GDT providers should act after committing that the business in GDT is not for the public. These guidelines set out MES expectations that ADG providers will not be allowed to extend their ADG facilities to the public accepted in Singapore.
MAS then introduced ADGs of the automatic generators in public places. Crypto ATMs have more or less grown around the world and they trade together, making crypto-currencies and money easier. However, ADGs can also advertise their services related to their company's websites and mobile applications.
Start Cryptocurrency
MES's decision comes after the rise of the cryptocurrency market. The popularity of cryptocurrencies has been very high and it has become the growth leader in cryptocurrency advertising.
Global regulation broke out all the time after the crypto announcement. Most of these regulators recognize that crypto-advertising can be misleading in the investment of people who are almost unaware of the status of crypto-currency.
Regulators have said how crypto-advertising hides the details of the risks that come with investing in cryptocurrencies. Most of these ads usually focus on the high performance of the project.
The British authorities have banned the publication of cryptocurrencies in public places. The ban comes after Floki Inu, one of the meme's recipients, announced a major publicity stunt in London for the public transport of livestock, which will now be tasked with providing supervised support to tackle it.
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