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Retail investors should steer clear of cryptocurrencies, warns DPM Heng Swee Keat at the Asia Tech X Singapore Summit

Felicia Tan
Felicia Tan5/31/2022 10:25 AM GMT+08  • 5 min read
Retail investors should steer clear of cryptocurrencies, warns DPM Heng Swee Keat at the Asia Tech X Singapore Summit
DPM Heng Swee Keat. Photo: Asia Tech x Singapore 2022
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Deputy Prime Minister and coordinating minister for economic policies Heng Swee Keat has warned retail investors to “steer clear” of cryptocurrencies.

“We cannot emphasise this enough,” says Heng at the Asia Tech x Singapore Summit, which will take place from May 31 to June 2.

Heng’s warning comes after many investors suffered losses from the recent price crashes of TerraUSD and Luna.

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