Crypto highly risky, but it also has potential to transform future of finance

Cryptocurrency assets are a "highly risky space", but it also has the potential to transform the future of finance.

Monetary Authority of Singapore (MAS) has consistently warrned the public against trading in crytpcurrrencies amid steps to limit promotion of cryptocurrencies to the general public earlier in 2022.

Digital asset ecosystem comprises an entire range of services beyond cryptocurrency trading, and added that Singapore remains keen to work with blockchain and digital asset players to encourage innovation, and build up trust in the sector.