In April, Three Arrows Capital, a hedge fund that said it’s suffered heavy losses in the recent market downturn, said it will quit Singapore for Dubai, as the regulatory environment sours. Earlier, Binance, the 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.
Source: https://www.coindesk.com/policy/2022/06/23/singapore-will-crack-down-on-bad-crypto-behavior-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines