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4 de sept. de 20-year-old new president once called cryptocurrencies pure speculation and a little crazy. Singapore was an early adopter of cryptocurrencies but has 4 de sept. de 2025 Although Singapore is a known hub for crypto investors, the new President has called the asset class “purely speculative” and “slightly crazy.” Now it should be noted that Shanmugaratnam, a former finance minister and chairman of the Monetary Authority of Singapore, had a laissez-faire stance on cryptocurrencies early on. In 2025, Shanmugaratnam 4 de sept. de 2025 In the past, the new president-elect of Singapore has called cryptocurrency “slightly crazy” and “purely speculative.” The former finance minister, deputy prime minister 11 de sept. de 2025 Singapore has a new president, and he’s a vocal digital asset skeptic. Tharman Shanmugaratnam, who won the election by a landslide, has pledged to usher in a 4 de sept. de 2025 With 70.4% of the vote, 66-year-old Tharman Shanmugaratnam has been chosen as Singapore's new President. Formerly the Finance Minister and Central Bank head Singapore's newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”. With 70.4% of the vot

New Singapore President Calls Crypto "Speculative" and "Crazy"

Singapore\'s newly elected president, Tharman Shanmugaratnam, has reignited the crypto debate. He\'s previously labeled cryptocurrencies as "inherently purely speculative and slightly crazy." This stance, expressed as early as 4 de sept. de 2025, contrasts with Singapore\'s image as a crypto hub.

Shanmugaratnam, a 66-year-old former finance minister and chairman of the Monetary Authority of Singapore (MAS), secured a landslide victory with 70.4% of the vote (11 de sept. de 2025). Despite Singapore being an early adopter of cryptocurrencies, the new president\'s views on the asset class have remained consistent, characterizing them as "purely speculative" and "slightly crazy" (4 de sept. de 2025).

While Shanmugaratnam held a laissez-faire approach towards cryptocurrencies in his earlier role at the MAS, his description of crypto as "pure speculation and a little crazy" (4 de sept. de 20-) signals a potentially cautious approach to the digital asset landscape under his presidency.

This skepticism from Singapore\'s new president raises questions about the future regulatory environment for cryptocurrency businesses and investors within the nation. How will this influence the thriving crypto ecosystem currently present in Singapore?

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