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Singapore has shut down cryptocurrency ATMS

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The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state.

According to Bloomberg, to comply with new regulations issued by the Monetary Authority of Singapore (MAS), Singapore’s central bank, cryptocurrency ATM operators in the country were forced to shut down their operations on Tuesday.

The clampdown in Singapore came soon after similar advertising limitations were enacted in Spain and the United Kingdom

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