Singapore's Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies

06/01 10:51

According to News.bitcoin, Singapore’s Deputy Prime Minister Heng Swee Keat warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit, citing that they are “highly risky.” He brought up the collapse of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) to support his argument. Many investors lost a lot of money when the two cryptocurrencies crashed. Keat also stressed the importance of crypto regulation, stating: “We must continue to adapt our rules to ensure that regulation remains facilitative of innovation, and yet addresses the key risks that crypto assets pose.”
bullishbullishbullish10bearishbearishbearish3ThíchChia sẻ
Tuyên bố miễn trừ trách nhiệmNội dung trên không đại diện cho quan điểm của HTX.HTX không đưa ra bất kỳ lời khuyên giao dịch nào.

Bài viết liên quan

  • Image

    4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

  • Image

    Terra Founder Do Kwon Could Face 30-Year Sentence In Potential South Korean Trial

  • Image

    Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread

Tất cả bình luận0Mới nhấtPhổ biến

avatar
Mới nhấtPhổ biến

Bài viết liên quan

  • Image

    4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

  • Image

    Terra Founder Do Kwon Could Face 30-Year Sentence In Potential South Korean Trial

  • Image

    Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread