Ms He Ting Ru asked the Prime Minister (a) whether there is an estimated number of Singapore investors who are affected by the insolvency of cryptocurrency trading platform FTX; (b) what is the estimated size of total investments affected; and (c) of these, how many are from retail investors.
Mr Tharman Shanmugaratnam (for the Prime Minister): I thank the Members for the questions. Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman of MAS, will address it in his reply at the 30 November 2022 Parliament Sitting. [Please refer to “Bankruptcy of Cryptocurrency Trading Platform FTX and Impact on Singapore’s Financial Markets, Regulation of Such Asset Class and Strategies of Singapore’s Investment Funds”, Official Report, 30 November 2022, Vol 95, Issue 78, Oral Answers to Questions section.]
Prime Minister’s Office
28 November 2022