Singapore regulator vows to be ‘unrelentingly hard’ on crypto

Quick Summary

But crypto exchanges including Bybit and Binance have shunned the city-state in recent months as the MAS started rolling out increasingly restrictive rules.

But Mohanty’s comments suggested that some crypto businesses may face an uncertain future in Singapore.

Led by software developer Mojaloop and backed by Singapore state fund Temasek, the group hopes to implement the digital currency in a system that enables low-cost international payments.

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Article Details

Author / Journalist: Oliver Telling

Category: MarketsFinanceInvesting

Topics: Friendly Financial Currency Cryptocurrencies Businesses Mohanty Crypto Economy Digital Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 00:15:05

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 579 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 4822

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