Singapore officials urges caution on cryptocurrencies after scams raise questions in parliament

Singapore officials warned people chasing digital investment opportunities such as non-fungible tokens and metaverse assets to exercise caution and participate “responsibly” – a recommendation that mirrors the city state’s own balancing act as it promises to embrace cryptocurrency, but in a measured way.Singapore’s government is “closely studying” the characteristics and risks of technologies such as blockchain, decentralised finance, NFTs and the metaverse, Minister for Communications and…


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