In the wake of the collapse of multiple digital assets funds connected to Singapore, the city-state’s “reputation has taken a hit,” according to a Financial Times article titled “’Crypto paradise’ Singapore stung by high-profile collapses,” published Oct.3, 2022.
Regarding the potential impact of criminal investigations into crypto currency companies associated with Singapore, Partner Teresa Goody Guillén told the Financial Times that such actions are “unlikely to have an impact on legitimate companies’ interest in forming or operating in Singapore.”
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