Singapore regulator will be 'brutal' for bad behavior in crypto, FT reports (via Yogita_Khatri5)
“If somebody has done a bad thing, we are brutal and unrelentingly hard,” Sopnendu Mohanty told FT.
Mohanty's comments come amid crypto market turbulence caused by the collapse of Singapore-based Terraform Labs' two tokens — terraUSD and terra — which wiped out $40 billion of investor wealth. According to Mohanty, the current market turmoil is a result of the world at large being lost in"private currency."
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