Coinbase CEO: Singapore’s Rules Restricting Retail Crypto Trading Are ‘Incompatible’ With Aspiration To Be The Hub Of The Web3 Industry
November 4th, 2022
According to Bloomberg, Coinbase CEO Brian Armstrong said at the Singapore FinTech Festival that Singapore’s proposed rules to limit retail crypto trading are “incompatible” with its desire to become the hub of the so-called Web3 industry.
Earlier, Ravi Menon, managing director of the Monetary Authority of Singapore, gave an opening speech at the Singapore Fintech Festival, saying that Singapore wants to be a center for digital assets, but not for speculation in cryptocurrencies.
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