Singapore crypto ATMs shut down after central bank crackdown

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Bitcoin ATMs are reportedly disappearing from the streets of Singapore.

Singapore's souring on crypto, however, is more of a surprise. Coincub, a fintech start-up based in the city-state,

Singapore the most crypto-friendly country in the world in December, owing to the city's"good legislative environment" and"high rate of cryptocurrency adoption." However, the legislative climate in the city-state appears to be cloudier right now.Cointelegraph reached out to the MAS for more information but did not receive a response as of publishing time. This article will be updated if new details emerge.

The clampdown in Singapore came soon after similar advertising limitations were enacted in Spain and the United Kingdom. On Monday, the Spanish government required

 

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