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.
Source: https://www.coindesk.com/policy/2022/07/19/singapore-based-crypto-firms-leading-market-meltdown-were-not-regulated-central-bank-chief-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines