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. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital." CME's move followed that of Chicago-based derivatives exchange Cboe Global Markets, which launched bitcoin futures on Dec 10. A South Korean cryptocurrency exchange – Youbit – is to file for bankruptcy after it was hacked for the second time this year. "There is greater risk of fraud when investors deal with entities whose backgrounds and operations cannot be easily verified."

Source: The Star December 19, 2017 14:26 UTC