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Singapore says retail investors ‘irrationally oblivious’ to crypto risks, plans tougher rules

A Daenary’s and Co cryptocurrency ATM booth is pictured in Singapore, after the crypto ATM operator in Singapore said they have ceased crypto trading services on their five crypto ATMs to comply with Monetary Authority of Singapore (MAS)’s new guideline announced on Monday, January 19, 2022. REUTERS/Edgar SuRegister now for FREE unlimited access to Reuters.comRegisterSINGAPORE,

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Sudden crypto market drop sends bitcoin below $22,000

Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading. 

Bitcoin plunged from $22,738 to below $21,12.34 at 2:30 a.m. ET, according to CoinDesk data. Earlier in the morning, the cryptocurrency fluctuated between $21,500 and $22,000.

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