• lemming-TLDR-bot@reddthat.comB
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    1 year ago

    tldr

    • Singapore banned crypto staking due to concerns around potential market manipulation (source: Straits Times)
    • Thai government followed suit by implementing stricter regulations on crypto trading and investment platforms (source: Bangkok Post)
    • Both countries have taken steps to prevent risks associated with cryptocurrencies such as money laundering and terrorism financing (source: Finews Asia)
    • Crypto exchanges in Singapore must apply for licenses under new rules implemented by Monetary Authority of Singapore (MAS) (source: Coindesk)
    • Stakers in both countries are now unable to earn rewards from holding certain coins (source: Cointelegraph).