'In reality, these so-called 'Singapore-based' crypto firms have little to do with crypto-related regulation in Singapore,' MAS_sg Chief Ravi Menon said of why 3AC, Terra_money and VauldOfficial aren't overseen by his agency. By iamsandali
Ravi Menon, managing director of the Monetary Authority of Singapore , says troubled crypto firms like Three Arrows Capital, that are being reported by the media as being based in Singapore, are not fully regulated in the country.
The MAS, the country's central bank, is continuing to distance itself from embattled crypto firms with ties to the Southeast Asian nation. In June, the MAS reprimanded Singapore-born Three Arrows Capital, which is in early July and has a registration address in Singapore, is currently not licensed by MAS but has submitted a license application, which is pending review.
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