Cryptocurrencies are not regulated by the Monetary Authority of Singapore (MAS) as they are not legal tender or securities and the trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Investors should be aware that they do not have any legislative protection, including the Securities and Futures Act (Cap. 289), when they deal with cryptocurrencies and related investment products. Consequently, if you choose to invest in unregulated products, you will not be protected under MAS regulations. Please ensure that you are fully aware of the risks involving cryptocurrencies and if in doubt, you should consult an independent financial adviser. To find out more about cryptocurrencies and risks, you may wish to visit the MoneySense website here.