First things first – I don’t really enjoy being a party-pooper but some of the chats I’ve had seemed to indicate a worrying lack of the necessary knowledge to navigate crypto safely. Here goes my reminder (copy-pasta from Hodlnaut website) –

The Monetary Authority of Singapore (MAS) requires Hodlnaut to provide this risk warning to you as a customer of a digital payment token (DPT) service provider. Before you pay your Digital Payment Token (“DPT”) service provider (Hodlnaut Pte. Ltd. or the Company) any money or DPT, you should be aware of the following.

  1. Please note that you may not be able to recover all the DPTs you paid to your DPT service provider if the Company’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.