Singapur Düzenleyicisi Kriptoya Yönelik “Acımasız” Yaklaşımı Benimseyecek

Considered the tax haven for cryptocurrencies, Singapore has now decided to harden its stance on the trade of digital assets. The Monetary Authority of Singapore (MAS) aims to opt a brutal approach.

MAS has no tolerance for bad market behaviour

According to a report, Sopnendu Mohanty, CFO of MAS, Inquired about the worth of personal cryptos. Meanwhile, he added that he expected a state backed digital token to be launched within three years.

Mohanty raised the point that many cryptocurrencies have called the authority nonfriendly. He mentioned that his reply has been, Friendly for what? For a real economy or for some unreal economy.

CFO said that they have no tolerance for any bad market behaviour. We are brutal and unrelentingly hard if somebody has done a bad thing.

This statement has come amid the ongoing collapse of the global crypto market. The recent historic fall of Terra’s native token LUNA and Stablecoin UST has jolted the market. Earlier, Crypto exchanges like Bybit and Binance have shunned the nation as the watchdog came up with more specific and restrictive guidelines.

Singapore hardens its stance

Bununla birlikte, Crypto.com, another digital asset exchange received the in principle approval to function in Singapore. Crypto firms like Genesis and Sparrow also got licenses to operate in the country.

Meanwhile, Mohanty targeted South Korean prosecutors for narrowing down over now Singapore-based Terraform Laboratuvarları. The crash cost the crypto market a deficit of $40 billion overnight. While the recently Üç Ok Başkenti, a hedge fund capital suffered a huge loss after failing to fulfill margin calls.

Seems like the crypto downturns have changed the stand of the Singaporean authority. Officer added that “the world at large is lost in private currency, which has resulted in the recent market turmoil”.

According to the report, the nation has enforced a “painfully slow” and “extremely draconian due diligence process” for licensing crypto companies.

Ashish, Ademi Merkeziyetçiliğe inanır ve Blockchain teknolojisi, Cryptocurrency ekosistemi ve NFT'leri geliştirmeye büyük ilgi gösterir. Yazıları ve analizleriyle büyüyen Crypto endüstrisi hakkında farkındalık yaratmayı hedefliyor. Yazmadığı zamanlarda video oyunları oynuyor, gerilim filmi izliyor ya da açık hava sporları yapıyor. bana ulaşın [e-posta korumalı]

Sunulan içerik yazarın kişisel görüşünü içerebilir ve piyasa koşullarına tabidir. Kripto para birimlerine yatırım yapmadan önce pazar araştırmanızı yapın. Yazar veya yayın, kişisel mali kaybınızdan sorumlu değildir.

Source: https://coingape.com/just-in-singapore-regulator-to-adopt-brutal-approach-towards-crypto/