- The government of Singapore has revealed the number of crypto scams reported to the police in the past three years.
- The Singapore Police Force established a cryptocurrency taskforce in 2018 “to monitor the cryptocurrency landscape, develop and improve operational procedures in investigations and seizure of cryptocurrencies, and establish working relationships with overseas law enforcement agencies, industry professionals, and academic experts,” the minister noted.
- To that end, we have stepped up public education efforts to educate the public on cryptocurrency-related scams.
Singapore Police Received 631 Cryptocurrency Scam Reports in 2021, Government Says
