Singapore Turned Conservative on Crypto After FTX, Zhao Says

Changpeng Zhao in Nov. 2022. Photographer: Zed Jameson/Bloomberg
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Singapore’s approach to crypto became more conservative after the collapse of FTX but the island remains crypto friendly overall, said Changpeng ‘CZ’ Zhao, chief executive of the Binance digital-asset exchange.

The Hong Kong crypto regime that took effect mid-year only allows a limited number of tokens for trading by retail investors, he said Thursday via video link at the Token2049 conference in Singapore.