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Singapore distances itself from troubled crypto firms as it plans tighter regulations

Singapore has sought to distance itself from key cryptocurrency players based in the country currently mired in trouble, with the central bank chief saying these “so-called Singapore-based” firms had “little to do” with the city state’s crypto regulations. Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said authorities, however, were now planning consultations on strengthening crypto rules...
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