How to trade in digital currencies and what are the risks

The value of a cryptocurrency is typically not related to any economic fundamentals. ST PHOTO: GAVIN FOO
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A: Digital assets are issued and transferred using blockchain technology. They include private cryptocurrencies, central bank digital currencies and non-fungible tokens.

Private cryptocurrencies are digital assets that are not issued by any government and are not backed by any asset or issuer. They are secured by cryptography so they cannot be forged.

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