Singapore regulators urge unlicensed crypto trading platforms to exit operations in the country as soon as possible

ChainCatcher news, according to Bloomberg, Singapore regulators urge unlicensed crypto trading platforms to exit the country’s operations as soon as possible. A spokesperson for the Monetary Authority of Singapore stated, "This move should not come as a surprise to the industry, as we have expressed our position on such service providers on various occasions. Licensed entities are not affected by the new regulations."