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In Singapore, there are no plans to regulate crypto currency, such as Bitcoin, the head of the Central Bank said.

According to the managing director of MAS Ravi Menon, the currency authority of Singapore, the Central Bank of the country and the financial regulator, will not try to centralize the crypto currency, but will consider possible measures to combat money laundering.
In an interview with Bloomberg, the head of the central bank said:
“We’ve taken the approach that the currency itself does not pose the risk that warrants regulation. Our approach is to look at the activity around the cryptocurrency and then make an assessment of what regulation would be suitable.”

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