Director of the Monetary Authority of Singapore: Digital advantages will emerge in the country.

According to an Oct. 27 report, the head of the Monetary Authority of Singapore, Tharman Shanmugaratnam, said that if digital devices were regulated, cryptocurrencies would find a place in Singapore's finances. “Cryptocurrencies may play a role in unpure trust and illegal finance in the future of finance,” Shang Daman told the Asian Financial Markets Forum on Wednesday. This digital asset must be checked for financial fraud, including the fight against money laundering. (Interview)