SINGAPORE/LONDON: Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is in a speculative bubble, with Singapore's central bank on Tuesday urging "extreme caution" about buying cryptocurrencies.
The staggering growth of bitcoin and other decentralised digital currencies this year – with the market swelling from around US$17bil (RM69.3bil) at the start of January to well over US$600bil (RM2.4tril) now – has led to increasing concerns over what the fallout could be if the bubble were to suddenly burst.
