Govts in region taking steps to regulate cryptocurrencies

The price of bitcoin, the world's first and most valuable digital currency, hit a record high of US$61,557.
The price of bitcoin, the world's first and most valuable digital currency, hit a record high of US$61,557.PHOTO: REUTERS

Governments in the region are taking steps to regulate cryptocurrencies, and some are working towards having their own digital money.

The topic of cryptocurrencies hit local headlines when a Singapore-based technopreneur revealed himself to be the buyer of a piece of digital art that cost US$69 million (S$93 million) during an auction held on March 11.

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