SINGAPORE - The banking turmoil that spread from the United States to Europe in March is not going to make cryptocurrencies any more favourable in the eyes of central banks, with some market observers saying these digital assets still have to prove their worth as an asset class.
Ms Grace Chong, board member of the Association of Crypto Currency Enterprises and Start-ups Singapore, said that how well crypto performs during market and regulatory challenges will be a key test of its ability to stand on its own as a separate asset class in the long term.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you