About ten accounts of cryptocurrency companies are closed by Singapore banks
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Banks of Singapore closed accounts of about ten crypto-currency companies. According to Bloomberg, accounts of ten crypto companies are now closed in banks of Singapore. The head of the Singapore Association of Crypto-Currency and Stockbreeding Anson Ziel said that this situation is inexplicable and asked the country's authorities to intervene in the problem. The Central Bank of Singapore (MAS) said that it will not interfere with the commercial decisions of individual banks and stressed that the responsibility for setting working protocols lies with the banks themselves, which is necessary to comply with the rules of protection against fraud. Note that the crypto exchange CoinHako announced the closure of its account in DBS Bank, announcing to its customers that it suspends trading for several weeks. Accounts were closed shortly after the publication of MAS, which stated that digital tokens that differ from digital currencies can be classified as securities.
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Info: https://www.bloomberg.com/europe
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