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They Fled Wall Street for Crypto. They Have Few Regrets
Singapore argues FTX’s woes affirm the city-state’s focus on consumer safeguards.
Suvashree Ghosh and
Kiuyan Wong
Crypto’s latest existential crisis, courtesy of Sam Bankman-Fried’s epic faceplant, flared amid far-reaching planned changes in the digital-asset rulebooks of Asian centers including Hong Kong and Singapore.
The fall of his FTX exchange showed the world lacked the true picture of its operations. As a result, officials in both jurisdictions and further afield face calls to ensure greater transparency, especially on customer assets.
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