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‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

‘Brutal and unrelentingly hard:’ Singapore regulator’s clampdown on crypto

Singapore’s financial regulator and the central bank have pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.

The comments come from the Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has done a bad thing, we are brutal and unrelentingly hard.”

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