Singapore regulator will be 'brutal' for bad behavior in crypto
source link: https://nextbigwhat.com/singapore-regulator-will-be-brutal-for-bad-behavior-in-crypto/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
NBW News Singapore regulator will be 'brutal' for bad behavior in crypto
The implosion of Terra has led to crises for another Singapore-based crypto firm, hedge fund Three Arrows Capital.
“We have no tolerance for any market bad behaviour,” Mohanty told The Financial Times in an interview published on Thursday. “If somebody has done a bad thing, we are brutal and unrelentingly hard.”
The country previously openly courted the sector, but in recent months amid its harsher approach, crypto firms have moved to other countries, including Dubai.
[Via]
Sign Up for NextBigWhat Newsletter
Daily.
Newsletter
First Name
Email address:
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK