Alvin Tan Urges Clearer Product Disclosures Following Chocolate Finance Incident
Fintech News
APRIL 10, 2025
Singapores Minister of State for Trade and Industry and Culture, Community and Youth Alvin Tan has called for stronger investor safeguards and clearer product disclosures following the recent Chocolate Finance incident. The fintech saw users tapping its rewards programme in ways that proved unsustainable. In response, the company made changes to its features with limited communication, resulting in user frustration and a sharp increase in withdrawal requests.
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