SINGAPORE -- Singapore's financial regulator on Friday signaled that the days of cryptocurrency companies targeting exclusively foreign clients from the city-state were coming to an end, as authorities tighten their oversight of such companies, concerned that they may act as conduits for dirty money.
Cryptocurrencies
Singapore reins in crypto firms serving foreign clients
Financial watchdog to restrict licenses, citing money laundering risk
The Monetary Authority of Singapore said it has asked cryptocurrency companies in Singapore who cater solely to foreign customers to wind down their operations. © Reuters
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