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MAS regulation should not be seen as safety net for retail crypto investors
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Investors enticed by sharp price increases have taken the plunge into crypto trading despite MAS warnings.
PHOTO: REUTERS
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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.
