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More consumer safeguards and industry rules needed in crypto
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The crypto ecosystem needs to shield people from risks in the areas of financial stability, market integrity, technology and consumer protection.
PHOTO: REUTERS
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SINGAPORE -The first thing cryptocurrency investor Sim Kwang Wei did when it dawned on him that he would experience what he described as his "worst financial loss ever" was to scroll through Twitter.
Mr Sim, 32 and self-employed, was holidaying in Bangkok when news of the crash of Terraform Labs' stablecoin TerraUSD and sister token Luna reached his ears.
