Singapore bars crypto service providers from advertising in public spaces By Cointelegraph

Singapore bars crypto service providers from advertising in public spaces

Cryptocurrency Jan 17, 2022 07:00AM ET

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Singapore bars crypto service providers from advertising in public spaces

The Monetary Authority of Singapore (MAS) issued a new set of guidelines for digital payment token (DPT) providers, barring them from marketing their services in public areas.

The guidelines, which were issued on Jan. 17, also warned the general public of the high risks associated with the crypto market in addition to prohibiting DPT companies from advertising their services in public places such as public transportation, public transportation venues, public websites, social media platforms and broadcast and print media.

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