SINGAPORE – The growing number of cryptocurrency firms seeking legal protection from creditors has planted another test for Singapore’s regulators, who must now balance between tightening the rules for service providers and avoiding over-regulation.
The writing is already on the wall for further regulation to protect consumers from losses and to look into market conduct issues in crypto.
source https://netdace.com/latest-news/singapore-faces-new-challenges-in-regulating-crypto/