News analysis

MAS regulation should not be seen as safety net for retail crypto investors

Investors enticed by sharp price increases have taken the plunge into crypto trading despite MAS warnings. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The recent crypto market turmoil which claimed US$2 trillion (S$2.8 trillion) in market value and drove investors into panic-selling mode has since forced some crypto firms to halt withdrawals and seek protection from the Singapore courts.

Retail investors are now crying foul against these firms for suspending their crypto assets, with some calling on regulators to help them recoup their losses.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

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

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.