Digital currencies and tokenisation likely to move crypto market in 2024 with practical uses

Market players in the digital asset space believe there would be greater institutional adoption as the laws get clearer in 2024. PHOTO ILLUSTRATION: PIXABAY
New: Gift this subscriber-only story to your friends and family

SINGAPORE - This has been a year of reckoning for the movers and shakers in the cryptocurrency sector, from fugitive Do Kwon to disgraced FTX founder Sam Bankman-Fried and, more recently, Binance’s former chief Zhao Changpeng.

Among the biggest names in the digital assets market, they will have to face the music in the new year, with sentences to be handed to Bankman-Fried for fraud and Zhao for breaking anti-money laundering laws, and prosecution for former Terraform Labs head Kwon on the cards.

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

Join ST's Telegram channel and get the latest breaking news delivered to you.