SINGAPORE CRACKS DOWN ON CRYPTO!!! (click to find out)
Howdy peeps!!!
.
.
.
.
.
.
.
.
.
Well it seems that while the market is in full bear mode (relax!!! during these times it's better to gain more knowledge on the crypto world, there are a lot of good free courses for it all around) the governments are stepping up on the regulations, which is good for adoption in the long run peeps...In Singapore they are cracking down on the misuse of crypto...money laundering, extortion and the like...According to the article the Monetary Authority of Singapore (MAS), basically Singapore's Central Bank, and the financial regulator will be relentless on people who do shady, illegal things with it. Scams, rug pulls, etc. will count as bad behaviour as well. Singapore was one of the countries many crypto exchanges went to since they were crypto friendly, but now to get a license will be slow...DRACONIAN slow. Many exchanges moved out and went to Dubai, the crypto hub of the world as of now, but with countries also stepping up on these regulations will cause that many and I mean many people who are up to no good think twice before they pull something like that. A nice cleansing if you ask me. Be well people and stay safe!!
**Information Purposes**By Stan Colenbrander
Source:
What do you think of this crackdown?? Will it help crypto??
Your friendly cryptor, AndyHuerta.
