Hits and misses as cryptocurrency finds a way forward in Singapore

A Christmas tree in front of racks of illuminated mining rigs at the Minto cryptocurrency mining center in Nadvoitsy, Russia, on Dec 17, 2021. PHOTO: BLOOMBERG
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SINGAPORE - This has been a breakout year for cryptocurrency, with the digital asset industry growing faster than ever to a market worth of around US$3 trillion (S$4.1 trillion).

But for all the expansion, the future is still unclear, essentially because cryptocurrency is not real money and lacks proven track record as an asset class.

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