Singapore's crypto ambitions shaken by FTX collapse
IMAGE SOURCE, GETTY IMAGES Image caption, Singapore had been seen to be "crypto friendly" until recently By Suranjana Tewari Asia Business Correspondent Some time ago it appeared like Singapore would turn into a worldwide place for digital currency. Specialists had flagged an early interest in bridling blockchain innovation. That, combined with the city state's positive business climate, pulled in computerized resource organizations and a blossoming local area of financial backers. In 2021, interest in the business in Singapore expanded ten times contrasted with the earlier year to $1.48bn (£1.2bn), as per KPMG, making up almost around 50% of the Asia Pacific complete for the year. 2022 could never have been more unique. Crypto resources and organizations - numerous with connections to Singapore - have collapsed, causing resonations and igniting misfortunes all over the planet. Initial a famous token called Land Luna imploded, causing its sister token TerraUSD, which wa...