Tag: Tharman Shanmugaratnam

After Three Arrows Capital debacle, Singapore Considers Restrictions For Crypto Market.

Most recently, Singapore has been at the center of the crypto winter. The collapsed crypto hedge fund Three Arrows Capital (3AC) has its headquarters in Singapore, where co-founder Zhu Su is also based. The crash in crypto prices has led to 3AC filing for Chapter 15 bankruptcy in the United States while a court on British Virgin Island ordered its liquidation. The Singapore MAS reprimanded 3AC for providing false information. Now, regulations for crypto companies on the island nation are to be tightened.