Too good to be true: Crypto investors should be careful of being scammed

MAS prohibited to offer public access to crypto automated teller machines to facilitate the trading of cryptocurrency. PHOTO: ST FILE
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SINGAPORE - The boom in cryptocurrency interest has inevitably opened the market to exploitation and crypto investors have not been not spared.

A report released by blockchain data firm Chainalysis last month (Jan 26) revealed that US$8.6 billion (S$11.7 billion) of cryptocurrency was laundered last year, up by 30 per cent from 2020.

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