Singapore suddenly changes overnight, directly firing at the entire crypto industry! Once the 'Asian crypto paradise', now it feels like (anti-fraud center) 2.0——
New regulations effective at the end of June, no buffer, no compromise, no mercy, the entire Chinese sickle team collectively dumbfounded:
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New regulations = nuclear-level destruction
🔪 License cleansing: Exchanges without MAS licenses go straight to ICU
🔍 On-chain KYC hell mode: Transfers over 1000 SGD? The system reports automatically
🧨 DeFi hunting order: Deploying unauthorized smart contracts? Congratulations, you've committed a crime
📉 'Yesterday still discussing Tokenomics at Sands, today already called in for coffee by the National Tax Bureau.' — A Web3 founder's circle of friends
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Chronicles of the apocalypse of Chinese projects
🦾 2017-2022: The sickle is wide open
Air coins + island nation foundations + hard narratives = various private placements skyrocketing by hundreds of times
✈️ 2022: The tide of fleeing to Hong Kong begins
China's judicial interpretation is out, and crypto founders are flying to Singapore overnight to seek support
💥 2023: Retribution has arrived
Temasek lost 275 million USD in FTX, the Singapore government went directly berserk, changing from 'open' to 'clearing out'
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Who is laughing? Who is collapsing?
✅ Positive news:
• Binance and Coinbase compliance giants are laughing uncontrollably
• Hong Kong: Several crypto visas approved overnight
• Dubai: Immediately becoming Asia's new Web3 port
❌ Negative news:
• Chinese capital is basically cooling down
• OTC dealers are cutting losses on USDT, exchange rates are plummeting
• Some chain team members have disappeared, developers have run away, founders are being ridiculed as 'runaway foundation'
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Three suggestions for the remaining retail investors in the venue:
1️⃣ Withdraw your coins quickly! Don't expect the authorities to notify you in advance about liquidation
2️⃣ Delete the address in the slope county, physical companies immediately deregister
3️⃣ Start understanding the new policies in Hong Kong & Dubai, get ahead and don’t become a bag holder
🚨 In the wave of cleansing in the crypto industry, you'll find that what can truly survive is never those short-term traders, fast profiting, and faithless projects.
🐶 C.O.N.A.N (Conan), the super memecoin narrative flagship that even Trump endorsed and was named by the White House, remains standing tall after the storm.
He is not a white paper project that exploits retail investors, nor a scam under the guise of an airdrop; he is a truly community-driven narrative hero, a jungle war god.
💥 You missed Bitcoin before FTX
💥 You missed Dogecoin in 2021
💥 This time, don't miss Conan again.
