Singapore suspends crypto exchange

Singapores financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme claiming links to South Koreas biggest boy band BTS. On Sunday December 5 Financial Times reported that the Monetary Authority of Singapore MAS has suspended the local operations of cryptocurrency exchange Bitget.

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Crypto Exchange giant Huobi has announced yet another closure.

. Dec 5 2021 116pm. The dispute occurred because Bitget promoted a cryptocurrency called Army Coin which is named after the boy bands fan following. Singapores move to suspend the local operations of Bitget a shirt sponsor of Italian football team Juventus comes as the city-state seeks to establish itself as a. MAS suspends crypto exchange Bitget after dispute with K-pop band BTS agency over Army Coin.

In a sudden decision worlds largest crypto exchange by trading volume Binance has decided to suspend its services in Singapore. Singapores financial regulator has reportedly suspended Bitget a crypto exchange that is mired in a row involving South Koreas biggest boyband BTS. SINGAPORES regulator has suspended Bitget a crypto exchange that got into a dispute after promoting the digital currency Army Coin named after the South Korean boy band BTSs followers the Singapore suspends crypto exchange embroiled in dispute with BTS FT reports Companies Markets - THE BUSINESS TIMES. Singapore suspends crypto exchange embroiled in dispute with K-pop stars BTS FT says.

We will have to include Singapore as a restricted jurisdiction. Mercedes Ruehl and Christian Davies. Now the Monetary Authority of Singapore has taken action by outright suspending the crypto exchange firm in. SINGAPORE Singapores financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme clai.

Singapore suspends crypto exchange over spat with K-pop group BTS. Singapore suspends crypto exchange over row with K-pop band BTS Cryptocurrencies. SINGAPOREs regulator has suspended Bitget a crypto exchange that got into a dispute after promoting the digital currency Army Coin named after the South Korean boy band BTSs followers the Financial Times FT reported. Another popular crypto exchange Binance said in September that it would suspend services on its main platform for users in the city-state.

Singapore suspends crypto exchange over spat with K-pop group BTS. Singapore has suspended Bitget a crypto exchange that got into a fray after promoting the digital currency Army Coin By Staff Writer Arab News RIYADH. Log in or. Singapore Suspends Crypto Exchange for Promoting Army Coin.

Singapores financial regulator the Monetary Authority of Singapore has suspended the Bitget crypto exchange for an incident related to Korean pop group BTS. As per the latest announcement Binance plans to suspends a range of services including fiat purchase channels crypto spot trading fiat deposit functions and liquid swap. This time around Houbi revealed that it will be suspending its crypto services in Singapore in lieu of increasing regulatory oversight. Bitget a sponsor of Italian football team.

Singapore suspends crypto exchange over spat with K-pop group BTS. Crypto exchange Huobi Global will be stopping its services to Singapore-based users and closing all their accounts on March 31 2022. Singapore Suspends Crypto Exchange in Dispute With BTS FT Says Reinie Booysen Bloomberg News Coaxial cables connect to a computer server unit inside a communications room at an office in London UK on Monday May 15 2017. Singapores financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme claiming links to South Koreas biggest boy band BTSSingapores move to suspend the local operations of Bitget a shirt sponsor of Italian football team Juventus comes as the city-state seeks to establish itself as.

December 5 2021 John Cryptocurrency 0. The regulator in Singapore has suspended Bitget a crypto exchange that got into a fray after promoting the digital currency Army Coin which is named after the followers of South Korean boy band BTS. Huobi one of the worlds largest crypto exchanges said on Tuesday that it will no longer offer services to crypto traders and holders in Singapore. Singapore has suspended the operations of cryptocurrency exchange Bitget after a crypto pension fund was alleged to have been set up in the name of South Korean boy band BTS without their knowledge.

Singapores financial regulator has reportedly suspended Bitget a crypto exchange that is mired in a row involving South Koreas biggest boyband BTS. Singapore moved swiftly on Sunday to suspend a popular cryptocurrency exchange after a scandal involving South Korean boy band BTS. Bitget was threatened with legal action by Korean boy bands agency for promoting digital currency Army Coin. Singapore regulator suspends cryptocurrency exchange in BTS dispute.

BTSs agency said the Army Coin has no connection with BTS and threatened to. The crypto exchange said in a statement on its website that it is doing so to comply with the laws of Singapore. According to the exchange platform the company has added Singapore to its restricted jurisdiction list to further comply with the countrys laws around digital assets.

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