‘Singapore-based’ Crypto Firms Leading Market Meltdown Were Not Regulated, Central Bank Chief Says

Fibo Quantum

The MAS, the country’s central bank, is continuing to distance itself from embattled crypto firms with ties to the Southeast Asian nation. In June, the MAS reprimanded Singapore-born Three Arrows Capital, which is currently facing liquidation, for allegedly misleading regulators with false information and exceeding the threshold of assets it could manage in Singapore.

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