Chief Fintech Officer at Monetary Authority of Singapore: Resolute Crackdown on Crypto Speculation

Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore reminded the traders to be careful about how they lure customers. "Reduce your enthusiasm and be mindful of who you are selling to," Mohanty said on Friday at an office opening ceremony of Cobo, a digital asset custody provider. "Singapore is not a place to speculate. We will be very, very hard on this behavior."