Singapore Regulator Says it will be Brutal and Unrelentingly Hard on Bad Behaviour in Crypto

In April, Three Arrows Capital, a hedge fund that has suffered heavy losses in the recent market downturn, said it will leave Singapore for Dubai, as the regulatory environment in Singapore sours. Earlier, Binance, the world’s largest crypto exchange by trading volume, shut down its Singapore unit and dropped its application for a license after MAS told it to stop all crypto transfers.