Tougher consumer safeguards weigh on S'pore crypto firms

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Market observers said that while the industry generally supports greater consumer protection, "serious concerns" have grown.

PHOTO: ST FILE

SINGAPORE - Some cryptocurrency players here are worried that tougher consumer protection rules will hinder their businesses and curb innovation, while others fear the costs of getting a licence are too high.
Market observers told The Straits Times that while the industry generally supports greater consumer protection, "serious concerns" have grown in the past weeks.
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