Babel Finance Secures 3-Month Creditor Protection Extension in Singapore
Troubled cryptocurrency lending company, Babel Finance, will have more time to repay creditors.
Key Takeaways Singapore’s state investment fund Temasek had stated it had written off its entire $275 million investment in bankrupt crypto exchange FTX. “In view of FTX’s financial position, we have decided to write down our full investment in FTX,…
Key Takeaways: Singapore’s crypto service providers are regulated by the Monetary Authority of Singapore (MAS). The new law allows the regulator to look at providers exclusively serving offshore markets. Singapore tightens rules and seeks greater control over crypto companies This…