Good cryptos gone bad?

SINGAPORE (July 20): Jorden Tan, an accounts manager at a local job recruitment firm, was introduced to cryptocurrencies by a family member he had met during a relative’s wake last year and he has participated in more than five token sales.

Tan typically spends one to two Ethereum per ICO and most of the ICO tokens he is holding holding to are already in profit.

“But the reason I [invested in] ICOs is because it seemed like the fastest way to get your first pot of gold. If I were to enter the stock market, it’ll [take] me tens of thousands to even get a decent return,” says Tan.

---

Related Stories

• Bordier & Cie partners Sygnum to let wealth clients in on digital asset services
• Ripple secures major payment institution licence
• Lending and staking restrictions present new challenges to Singapore crypto players

---