cryptoholder

Singaporean financial authorities have issued a final warning to crypto exchanges operating in the region without a license. Exchanges are expected to cease operations by June 30 at the latest.
According to a recent report by Bloomberg, the Monetary Authority of Singapore has prompted a number of crypto exchanges to reevaluate their operations in the region due to the crackdown. The notice was first issued at the end of May, followed by a clarification on June 6, which urged crypto firms to cease operations by June 30.
This move should also not come as a surprise to the industry as we have consistently communicated our position on such service providers on various occasions,” said a MAS spokesperson to Bloomberg.
Despite financial authorities insisting that only a “very small” number of providers will be affected, major crypto firms operating in Singapore from offshore headquarters have begun to make anticipatory changes
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Introduction to the coin $ADA
ADA is the cryptocurrency of the Cardano network, a third-generation blockchain designed to overcome the limitations of Bitcoin and Ethereum. Founded by Charles Hoskinson (co-founder of Ethereum), Cardano uses the Proof-of-Stake (PoS) mechanism with the Ouroboros algorithm, which enhances security and saves energy.
Is ADA a coin worth holding?