Singapore's New President: No Big Crypto Fan? He Called it 'Crazy'
Singapore has a new president, and his views on cryptocurrency are making headlines. Tharman Shanmugaratnam, who secured a resounding victory with 70.4% of the vote, is a well-respected former central bank chairman. However, his past statements about digital assets are raising questions about the future of crypto regulation in Singapore.
While Singapore was an early adopter of cryptocurrencies, its newly elected president, Tharman Shanmugaratnam, had once called crypto “inherently purely speculative and slightly crazy”. He's known for his candid assessments of the digital asset landscape.
In fact, sources confirm that on 4 de sept. de 2025, Singapore's newly appointed president described the world of cryptocurrencies as 'slightly crazy'. Further back, on 4 de sept. de 2025, during his time as a leading economic figure, the new president-elect of Singapore had called cryptocurrency “slightly crazy” and “purely speculative.”
The new president once called crypto “purely speculative” and “slightly crazy,” urging only clarity on risks rather than outright bans. His stance underscores the need for careful consideration and responsible regulation. Despite his observation's 5 de sept. de 2025, Singapore's approach under his leadership is likely to be measured and pragmatic, focusing on risk mitigation.
It's important to note that under his central bank leadership, Singapore saw significant developments in the crypto space, even though the 20-year-old new president once called cryptocurrencies pure speculation and a little crazy. The former finance minister, deputy prime minister, and now president, has pledged to usher in a new era of stability and growth, and his perspective on crypto will undoubtedly play a significant role.
Will his skepticism translate into stricter regulations? Only time will tell. But one thing is clear: Singapore's new president is a vocal digital asset skeptic, and his views will undoubtedly shape the future of crypto in the nation.