Singapore Will Crack Down on Bad Crypto Behavior: Report

6/23/2022 12:25:00 PM

An @MAS official said Singapore's central bank will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry. By @camomileshumba

An MAS official said Singapore's central bank will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry. By camomileshumba

The Monetary Authority of Singapore will be 'brutal and unrelentingly hard' on bad behavior in the crypto industry, said Sopnendu Mohanty, the central bank's chief fintech officer.

Mohanty's comments comeof the terraUSD (UST) stablecoin in May roiled markets that were already dropping from November's highs because of a decline in macroeconomic conditions.“We have no tolerance for any market bad behavior," he said.

Read more: CoinDesk »

One Year

The people and struggles that changed America—one year at a time. In each episode, host Josh Levin explores a story you may have forgotten, or one you’ve never heard of before. What were the moments that transformed politics, culture, science, religion, and more? And how does the nation’s past shape Read more >>

MAS camomileshumba MAS_sg shuld take a look at reports sent to them about wadzpay. Small investors getting wrecked by misrepresentation from anishtweeets! MAS camomileshumba If they build a decent system, then there are no problems. MAS camomileshumba To late zhusu has left the country MAS camomileshumba With the continuous crash of crypto prices, you can still earn a daily profit of over 12% through options calls and puts in binary consistently. Leave a dm to learn how.

MAS camomileshumba Most people in this market want to get rich quick, but those who have a lower time preferance tend to dramatically out perform the get-rich-quickers MagdaleneKatar0 educate you on the cons and pros. MAS camomileshumba the markets are harder MAS camomileshumba singapore3dreich.de

A legal challenge over crypto reporting could strike down decades-old anti-money laundering lawsPayments over $10K must be reported to the government, but for how long? Of course crypto groups wanna get rid of reporting requirements. It’s not about surveillance but capitalistic force vs the national interest. If the court strikes down the basic money-laundering comonsense, then it’s just one more reason for the world to lose faith in democracy

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand – Mining Bitcoin NewsAuthorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. Oh my! $PAW We move , you know? $PAW That doesn’t cost bitcoin anything $PAW

Elon Musk Discusses Crypto Investing, Dogecoin Support, 'Unresolved' Twitter Issues, and Near-Term Recession – Featured Bitcoin NewsElon Musk has shared his views on a variety of topics, including crypto investing, dogecoin, 'unresolved matters' in his Twitter deal, and a US recession. WorldCupToken_ with certik audit gonna go places elonmusk TWEET ABOUT WorldCupToken_ worldcuptoken going to moon

News Corp. CEO: Crack down on Big Tech’s self-dealingNews Corp. CEO Robert Thomson said that if governments don’t take action now to curb “self-preferencing” online, the opportunity may be gone forever.

GameFi continues to grow despite crypto winter: DappRadar reportThe report also gave several examples for how GameFi projects are utilizing crypto assets for reasons other than speculation. I'm honestly excited for the future of the Web3 gaming industry, especially with Game7 that's building a gamify community that will support and fund creators, initiatives, projects, developers, and more with the help of BitDAO, aiming to accelerate blockchain gaming adoption GameFi projects have been popping up, fully proving its infinite vitality.

'It's Probably Gonna Be a Huge Cry Fest': Plunging Crypto Markets Cast a Shadow Over the Opening of the World's Largest NFT Conference | Artnet News'It's probably gonna be a huge cry fest.' Plunging crypto markets cast a shadow over the opening of the world's largest NFT conference: Perhaps, but as a collector of both traditional art and NFTs, NFTs are way more fun and way more liquid, easy to maintain, store, buy & sell, etc. I’m sure they must be taking a bite out of physical art or will soon. I struggle to care. It has nothing to do with art or finance and everything to do with classic Get Rich Quik-N-EZ pyramid scheme grift. Not like frickin' Marx didn't exactly predict such nonsense in late capitalism. Too bad so many people allowed themselves to be duped. It was already a huge cry fest and it was also to be expected to come. This always happens with pyramid schemes. If you want to collect art, collect REAL art instead of some stupid 'owner' codes, flashy gifs and dead pixels.

its Singapore unit and dropped its application for a license after MAS told it to stop all crypto transfers.allowed dark money to play an outsize role in influencing contemporary elections.The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced.keep supporting DOGE, stating: I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support dogecoin.

Mohanty's comments come of the terraUSD (UST) stablecoin in May roiled markets that were already dropping from November's highs because of a decline in macroeconomic conditions. “We have no tolerance for any market bad behavior," he said. Evan Greer, director of digital rights advocacy group Fight for the Future, tweeted in favor of the legal challenge, writing that supporters of basic rights “should oppose unconstitutional expansions of surveillance that will disproportionately harm marginalized and over-policed communities. Still, while the process may be tortured, that hasn't prevented some crypto companies from staying the path. The government official noted that the measure applies to 118 licensed mining farms currently operating in the Islamic Republic. The country recently granted in-principle digital token payment licenses to crypto exchange . It doesn't matter how you feel about cryptocurrencies, digital assets,"web 3," blockchain, etc.