Singapore was an early proponent of crypto regulation, making an attempt to ascertain itself as a hub for international digital asset firms lengthy earlier than comparable pronouncements by nations just like the UK.Â
For a time, it labored. After which 2022 occurred, a 12 months of high-profile crypto firm failures and market meltdowns. A number of of the largest casualties of the coolness of this crypto winter operated out of Singapore. It was a base for Three Arrows Capital, the disgraced crypto hedge fund, and others as effectively. These high-profile collapses have shone a harsh gentle on Singapore’s regulatory framework. What’s subsequent for crypto in Singapore? Bloomberg reporters Joanna Ossinger and Suvashree Ghosh be part of this episode.
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