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Why the Central Bank of Singapore ban credit facilities
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[QUOTE="uptrendfinancialsignal, post: 292804, member: 78381"] The Central Bank of Singapore made a statement sometimes around last year to ban digital service provider from offering credit facilities to their consumers . This was made known October 2022 that the company will not issue credit facilities to the consumers any longer. If you want to look at the advantages that is involved in the credit facility that is offered by this digital token service providers to the consumers, it render a lot of support to the consumers financially and this particular situation has arose a lot of argument and the argument are so much that it has polarized the polity . This is why it is necessary for the Central Bank of Singapore to make a reversal of statement. Several documents have been sent to monetary authority of Singapore MAS on this issue . What interest the consumers that are offering the credits facilities is that they will earn interest from the lending which is another way to create an additional source of income. There is a protest on the issue and I want to believe that the appropriate organ is going to make a reversal statement so that the credit facilities rendered by the digital token service provider could continue. [/QUOTE]
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Why the Central Bank of Singapore ban credit facilities
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