SINGAPORE: As bitcoin continues its gravity-less bounce, the Monetary Authority of Singapore (MAS) has issued a strong warning to would-be investors to act with "extreme caution" and understand the significant risks of choosing to invest in cryptocurrencies.
"MAS is concerned that members of the public may be attracted to invest in cryptocurrencies, such as bitcoin, due to the recent escalation in their prices," it said in an advisory issued Tuesday (Dec 19).
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