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Singapore’s MAS says FTX doesn’t function within the nation

Singapore’s MAS says FTX doesn’t function within the nation

6 thoughts on “Singapore’s MAS says FTX doesn’t function within the nation”

  1. It doesn’t matter whether the company that does operate in Singapore is a ‘separate legal entity’. The point is that your citizens lost loads but you sit there splitting hairs.

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  2. tldr; The Monetary Authority of Singapore (MAS) has stated that the bankrupt crypto exchange FTX does not operate in the country. The regulator added that it only lists entities that may be “wrongly perceived” as being regulated on its Investor Alert List (IAL). FTX’s subsidiary Quinone is a separate legal entity in Singapore and is currently exempted from licensing.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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