Singapore Monetary Authority’s (MAS) managing director Ravi Menon stated that the Cryptocurrency market will bounce back after the crisis.
Menon, He told CNBC on Monday, January 15th:
“What happened When the flames are extinguished after the crisis, I hope that deep and meaningful technologies associated with digital currencies and Blockchain will not be harmed.”
So far Singapore Central Bank needs to be wary of “money laundering” and other “potential risks” He took a dubious stance towards Cryptocurrencies, citing that. Despite this, MAS has yet to require any editing. Menon in an interview with Bloomberg in October 2017 said:
“So far I’ve seen no reason to issue ktokens.”