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Singapore regulator will be 'brutal' on bad behavior in crypto, FT reports
The Monetary Authority of Singapore (MAS), the country's central bank and financial regulator, will not tolerate bad behavior in the crypto industry, according to its chief fintech officer, Sopnendu Mohanty. "We have no tolerance for any market bad behaviour," Mohanty told The Financial Times in an interview published on Thursday. "If somebody has done a bad thing, we are brutal and unrelentingly hard." Mohanty's comments come amid crypto market turbulence caused by the collapse of Singapore-based Terraform Labs' two tokens — terraUSD (UST) and terra (luna) — which wiped out $40 billion of investor wealth. The ... (full story)
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From bnnbloomberg.ca|Jun 23, 2022An unprecedented price surge for the most sought-after second-hand luxury watches is showing signs of settling down after some owners put their Rolex and Patek Philippe timepieces ...
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From bnnbloomberg.ca|Jun 23, 2022Two US senators are seeking feedback on a new bipartisan crypto legislation and they are using Microsoft-owned GitHub to reach the masses. Wyoming Republican Cynthia Lummis and ...
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From xm.com|Jun 23, 2022BTCUSD (Bitcoin) has experienced a sharp sell-off since early June after its long-lasting sideways pattern was breached to the downside. Nevertheless, the king of cryptocurrencies ...
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From theblock.co|Jun 23, 2022Coinbase Pro, a tool for advanced traders using Coinbase, will be shut down later this year. The exchange said on Wednesday that its advanced trading platform will be phased out ...
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From youtube.com/cnbctelevision|Jun 23, 2022|5 commentsFederal Reserve Chair Jerome Powell on Thursday testifies before the House Financial Services Committee on the U.S. monetary policy and the state of the economy.
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From @DailyFXTeam|Jun 23, 2022|4 commentstweet at 10:29am: Fed's Powell: - We have an unconditional commitment to fighting inflation - The labor market is unsustainably hot tweet at 10:29am: POWELL: SIGNIFICANTLY MORE CHALLENGING TO BRING DOWN INFLATION WITHOUT IMPACTING THE LABOR MARKET tweet at 10:35am: FED'S POWELL Q&A: SOME OF INFL IS OUT OF FED'S CONTROL, LIKE ENERGY; EUROPEAN COUNTRIES HAVE VARYING HIGH RATES OF INFLATION; FED HAS TOOLS VS DEMAND #Powell #federalreserve tweet at 10:36am: Fed's Powell: - The impact of shrinking the balance sheet will be marginal compared to impact of rising interest rates - US inflation is a consequence of very strong demand tweet at 10:42am: POWELL: OUR INTENTION IS TO ACHIEVE A SOFT LANDING POWELL: PATH TO DO THAT HAS GOTTEN MORE AND MORE CHALLENGING
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- Posted: Jun 23, 2022 8:36am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 54
