Singapore Will Crack Down on Bad Crypto Behavior: Report

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Singapore Will Crack Down on Bad Crypto Behavior: Report
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An MAS official said Singapore's central bank will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry. By camomileshumba

its Singapore unit and dropped its application for a license after MAS told it to stop all crypto transfers.

of the terraUSD stablecoin in May roiled markets that were already dropping from November's highs because of a decline in macroeconomic conditions.Still, while the process may be tortured, that hasn't prevented some crypto companies from staying the path. The country recently granted in-principle digital token payment licenses to crypto exchange

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