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)