Another warning from a central bank regarding investments in cryptocurrencies came these days. This time, the Central Bank in Singapore issued a warning to investors on the risks of making such an investment.

It has been revealed that the new warning was triggered by the high growths in the prices of a series of cryptocurrencies, including bitcoin and Ethereum. So, these increases determined the Central Bank of Singapore to issue a public warning regarding investments in cryptocurrencies, as the bank allegedly is concerned.

MAS asks people to be careful at the risks of cryptocurrency investments

The public warning was issued through a notice from the Monetary Authority of Singapore (MAS). The notice asked investors and people in general to be careful when it comes to the risks of cryptocurrency investments. The bank asked people to "act with extreme caution" and seek to understand all the "significant risks."

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Such as many other central banks from around the world, the Singaporean financial institution expressed concerns that people are attracted by the high price of cryptocurrencies and are willing to make investments on this market. The MAS's public notice indicated that: