Golden Finance reported that Singapore’s Ministry of Interior Minister Sun Xueling reiterated the determination of government agencies to combat fraud cases when debating the Ministry of Interior expenditure budget at the Parliamentary Appropriations Committee on Tuesday, which will further strengthen existing anti-fraud measures, regulations and education. She specifically mentioned cryptocurrency fraud cases, which accounted for a quarter of the total loss of fraud last year. She said that the scammers have recently discovered that banks are closely monitoring and are difficult to get loopholes. They turned to instruct the victims to exchange money for cryptocurrency before remitting money, thereby evading the review mechanism. There are also scammers who directly steal the assets of the victim's cryptocurrency wallet. Faced with repeated fraud cases, the Ministry of the Interior does not rule out the use of whipping and punishing those who commit serious fraud crimes. (Lianxiaobao)