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!
Retail investors, don't panic! Old Zhao offers you three lifelines:
First, throw away the platform tokens of shit exchanges! The wave of small exchange bankruptcies has just begun; holding them means waiting for them to go to zero!
Second, hold tight to the three life-saving symbols:
Bitcoin: wrongfully killed in the short term, but BlackRock's ETF is holding two gold mountains, stable in the long run!
Regulated stablecoin USDC: the king of hedging, will eventually surpass the wild card USDT!
My own child ONDO: backed by the Singapore government, enjoying policy dividends to the fullest!
Third, stay away from shitcoins! Kill one on sight in Singapore, no liquidity turns into toilet paper directly!
The global casino is changing! Singapore cuts off its financial road, while the US laughs to the bank! Trump treats Bitcoin like a national treasury brick, SOL and AVAX ETFs approved in seconds, billions are rushing to the US! BlackRock's BTC ETF scale broke $25 billion, Asia is self-destructing, North America is lying down to win! If you feel helpless or confused trading in the crypto world right now, I hope my sharing can bring you some inspiration and help! Follow me to avoid getting lost, Old Zhao will let you get a step ahead and create an information gap with others.#新加坡加密政策 $BTC $ETH
