Singapore Central Bank: Data on Crypto Holdings by General Public not Available

The Monetary Authority of Singapore (MAS) said it is unable to determine the proportion of crypto holdings by the general public in the city-state as these include transactions with both Singapore-based as well as overseas service providers. "Data on the total cryptocurrency holdings of the Singapore public are not available," Tharman Shanmugaratnam, minister in charge of MAS, said in a reply to a parliamentary question. And he also warned that the general public investing in cryptocurrencies "stand to lose all the monies they have put into cryptocurrencies" as prices fluctuate "wildly".