Singapore DPM Heng Swee Keat warns retail investors against cryptocurrency trading

31/5/2022 9:58:00 AM

“Retail investors especially should steer clear of cryptocurrencies. We cannot emphasise this enough,” said DPM Heng.

“Retail investors especially should steer clear of cryptocurrencies. We cannot emphasise this enough,” said DPM Heng.

Singapore’s deputy prime minister Heng Swee Keat warned retail investors to “steer clear” of cryptocurrencies following the recent Terra Luna crash which saw investors losing life savings.

Thank you for your feedback.LinkedIn SINGAPORE: Cryptocurrency assets are a"highly risky space", but it also has the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31).LinkedIn SINGAPORE: Cryptocurrency assets are a"highly risky space", but it also has the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31).Copy to clipboard https://str.

We will remove this and make the necessary changes.Ad The Power Fund prioritizes creating opportunities to put New Yorkers on pathways out of poverty.He highlighted that the Monetary Authority of Singapore (MAS) has consistently warned the public against trading in cryptocurrencies amid steps to limit promotion of cryptocurrencies to the general public earlier in 2022.The Edge Singapore Citibank has lowered its target price, while the rest have either raised or maintained their target prices on Singtel."Many investors suffered losses and even lost their life savings in the recent meltdown of TerraUSD and Luna, which triggered knock-on effects on Bitcoin and other cryptocurrencies," he said.a day ago Rooma Launches Professional Babysitting Services to Help Busy Parents Returning Back to Office Life Parents who find traditional childcare options in Singapore too limiting or costly can now engage trained professionals for at-home childcare and babysitting services on a regular or ad-hoc basis as needed."Retail investors especially should steer clear of cryptocurrencies.SINGAPORE - Media OutReach - 30 May 2022 - Parents and guardians can now enjoy a flexible and affordable solution to their childcare needs in Singapore, with Rooma's professional babysitting and at-home childcare services.Israel has accused Khodai of plotting attacks against its citizens worldwide.

Unlike traditional childcare options, Rooma's professional babysitting a day ago India withdraws warning on national biometric ID after online panic India on Sunday withdrew a warning not to share photocopies of the national biometric identity card after the announcement caused widespread panic on social media." However, Mr Heng noted that the digital asset ecosystem comprises an entire range of services beyond cryptocurrency trading, and added that Singapore remains keen to work with blockchain and digital asset players to encourage innovation, and build up trust in the sector." However, Mr Heng noted that the digital asset ecosystem comprises an entire range of services beyond cryptocurrency trading, and added that Singapore remains keen to work with blockchain and digital asset players to encourage innovation, and build up trust in the sector.The Aadhaar card, which has a unique number tied to an individual's fingerprints, face and eye scan, aims to block theft and leakage in India's welfare schemes.The press information bureau withdrew the warning two days after issuing it, saying the release was published in the context of an attempt to misuse an edited Aadhaar card, and was being withdrawn "in view of the possibility of the misinterpretation.Singapore will also continue to evaluate applications, and facilitate live experiments through regulatory sandboxes, to enable safe adoption in the financial sector, said Mr Heng." 2 days ago.The financial authority has also been working with the industry on several digital asset initiatives, said Mr Heng, who launched Project Guardian at the summit on Tuesday.

Read more:
Yahoo Singapore »
Loading news...
Failed to load news.

Crypto highly risky, but it also has potential to transform future of finance: DPM HengSINGAPORE: Cryptocurrency assets are a \u0022highly risky space\u0022, but it also has the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31). \u0022We must continue to adapt our rules to ensure that regulation remains facilitative of innovation, and yet Yes. Pls educate the public on it and what mas is doing to reassure the public 'Money from Nothing' cryptocurrency HengSweeKiatSG

Crypto highly risky, but it also has potential to transform future of finance: DPM HengSINGAPORE: Cryptocurrency assets are a \u0022highly risky space\u0022, but it also has the potential to transform the future of finance, Deputy Prime Minister Heng Swee Keat said on Tuesday (May 31). \u0022We must continue to adapt our rules to ensure that regulation remains facilitative of innovation, and yet Yes. Pls educate the public on it and what mas is doing to reassure the public 'Money from Nothing' cryptocurrency HengSweeKiatSG

Israel warns against travel to Turkey citing Iran assassination

A Guide To Education Loans For Students in Singapore - The Independent Singapore NewsRead on to find out more about study loans which you could take up from a variety of banks so that you can hop onto your next few years of college life with less financial burdens and pressure.

Moomoo provides millennials and Gen Zs easy access to US stocks tradingFutu SG aims to help young investors expand their portfolio with its one-stop investment platform. Hey, it’s pronounced mu’u mu’u 😁

Retail, information and communications among sectors with largest pay hikes