Cryptocurrencies
Singapore’s Wary Crypto Embrace Leaves Top Mogul in the Cold
- Asian city-state welcomes the technologies of cryptocurrency
- But it’s highly selective about which companies it approves
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Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao was putting on a brave face.
An affiliate of the world’s largest cryptocurrency exchange had just withdrawn its application to run a bourse in Singapore. Zhao, the richest person in cryptocurrency with a fortune of about $90 billion, took to Twitter to say the affiliate’s investment in another exchange -- one that was regulated -- made the application “somewhat redundant.”