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Crypto Groups Shelter in Singapore as Global Regulators Crack Down
Summary: According to the Financial Times, Singapore is becoming a safe haven for the crypto industry as global regulators including the United States, the United Kingdom, and China tighten regulations. The global crypto group is expanding its business in Singapore. Singapore has not yet issued a license to cryptocurrency companies, but has temporarily granted exemptions to ...
According to the Financial Times, Singapore is becoming a safe haven for the crypto industry as global regulators including the United States, the United Kingdom, and China tighten regulations. The global crypto group is expanding its business in Singapore.
Singapore has not yet issued a license to cryptocurrency companies, but has temporarily granted exemptions to some large companies, allowing them to provide services to local retail and institutional investors.
“Regulations are the number one deciding factor when it comes to where to put our business. Singapore is clear and accurate about how it interacts with the crypto and digital asset markets,” said Canny Lee, head of OSL’s Singapore office.
By Amy Liu
Tags: Crypto,Regulators,Singapore
Link: Crypto Groups Shelter in Singapore as Global Regulators Crack Down [Copy]
