The Monetary Authority of Singapore has drawn its sword! New regulations landed on June 30, directly spilling blood in the crypto world! How wide is the regulation? You can't even mess with cryptocurrencies at home! Even if the company only does business with foreigners, if you're in Singapore, you must obtain a license! No license? A fine of 1.5 million RMB! 70% of small exchanges are unlicensed, either fleeing to Hong Kong or Dubai overnight, or directly shutting down and running away with the money!
Only 33 licensed giants like Binance and OKX survived, making a fortune quietly over the corpses! Retail investors are scared out of their wits and all crowding to them, platform tokens HTX and OKB are secretly rising, why? With all the competitors dead, I monopolize! This is not regulation; this is issuing a death immunity certificate to my own child!