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Cryptocurrency companies are keen to break into the Singapore market, but local regulators are taking a cautious approach to giving their approval. (Source photo by AP)
Market Spotlight

Crypto entrepreneurs find Singapore is not so hospitable after all

Scores of businesses fail to win licenses from city-state's financial regulator

DYLAN LOH, Nikkei staff writer | Singapore

SINGAPORE -- Cryptocurrency entrepreneurs lured to Singapore by its apparent openness to the burgeoning industry are discovering just how difficult it is to legally operate in the city-state.

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