Singapore's Crypto Regulatory Death Trap: No Longer a Sanctuary for Cryptocurrency!!
Across the island, 130 exchanges are bustling, but only 11 have obtained licenses!
Goodness, 92% of the platforms have to pack up and leave! This is not an industry overhaul; it's practically a survival of the fittest.
Now these dubious exchanges have two options: either run away with the money or wait to die. Which do you think they'll choose?
Transfer over 5000 RMB? Ding! The alarm goes off automatically!
The era of anonymous trading is completely over; now even breathing requires real-name registration.
What's even harsher is that unapproved DeFi projects are directly classified as illegal, regardless of whether you are a big player in the crypto circle or a small retail investor—everyone is treated the same.
Just look at that Fujian gang from a while ago; they transferred 10 million USDT from overseas, and within two hours, the FBI froze it solid—this place in Singapore is no longer a sanctuary for cryptocurrency!
