The Singapore Monetary Authority said that Bitcoin Loophole used the name of state affairs to induce users to invest in bitcoin

According to Straits Times, in a statement on Wednesday (July 31), the Monetary Authority of Singapore (MAS) issued a statement saying that a transaction called Bitcoin Loophole safely passed its website and used the state-owned Goh Chok Tong. Nominal induces potential users to make bitcoin investments. It is reported that the website requires users to deposit at least $250 initial deposit into the platform.