DPM Heng warned investors about cryptocurrencies even as Singapore adapts its rules to addresses the key risks that such assets pose.SINGAPORE - Crypto-assets like cryptocurrencies and non-fungible tokens are constantly evolving and highly risky but have the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday .
Mr Heng was speaking at the opening of the second Asia Tech x Singapore summit at The Ritz-Carlton Millenia Singapore hotel in Marina Bay, organised by the Infocomm Media Development Authority. Mr Heng said crypto assets are part of a new wave of emerging digital technologies known loosely as Web 3.0 and the way to approach this is to keep an open mind.
"We remain keen to work with blockchain and digital asset players to encourage innovation, and build up trust in the sector," he added. DPM Heng Swee Keat speaking at the opening of the second Asia Tech x Singapore summit on May 31, 2022. PHOTO: The Straits Times/Alphonsus Chern
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