Crypto Exchange Urges Singapore To Implement Practical Regulation On Back Of Ftx Collapse
Pointing to the recent collapse of FTX, Independent Reserve said “urgent and practical regulatory action” was needed to protect cryptocurrency investors in Singapore. Specifically, it asked that licensed market players to be able to advertise their services and communicate with the public. Founded in Australia in 2013, the fintech firm later expanded to Singapore where it secured a Major Payment Institution licence to provide digital payment token services in October last year....