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Published 1 year ago

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News

Summary by Ground News
The Financial Authority of Singapore (MAS) issued a press launch this week to address some questions and misconceptions that have arisen in the wake of the FTX debacle. The regulator defended the motion it took towards crypto alternate Binance and never the collapsed crypto platform FTX. The central financial institution warned that cryptocurrencies are highly volatile and many of them have lost all value.

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