Singapore was an early proponent of crypto regulation, attempting to establish itself as a hub for global digital asset companies long before similar pronouncements by countries like the UK.
For a time, it worked. And then 2022 happened, a year of high-profile crypto company failures and market meltdowns. Several of the biggest casualties of the chill of this crypto winter operated out of Singapore. It was a base for Three Arrows Capital, the disgraced crypto hedge fund, and others as well. These high-profile collapses have shone a harsh light on Singapore’s regulatory framework. What’s next for crypto in Singapore? Bloomberg reporters Joanna Ossinger and Suvashree Ghosh join this episode.
