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Singapore Regulator Praises Leaders of Crypto Firms Like Binance

  • MAS’s Mohanty mentions, Ripple in LinkedIn post
  • ‘The future is on the right path,’ official says after forum
Binance Founder Changpeng Zhao at Day Two of the VivaTech Conference
Photographer: Nathan Laine/Bloomberg

Just days after saying Singapore is “brutal and unrelentingly hard” on bad behavior in the crypto industry, Sopnendu Mohanty, chief fintech officer at the city’s regulator, struck a cordial tone.

Mohanty, in a LinkedIn post summarizing his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector.