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Singapore suspends crypto exchange over spat with K-pop group BTS

Mercedes Ruehl and Christian Davies

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Singapore/Seoul | Singapore’s financial regulator has suspended a prominent digital currency exchange at the centre of a row involving a crypto pension scheme claiming links to South Korea’s biggest boy band, BTS.

Singapore’s move to suspend the local operations of Bitget, a shirt sponsor of Italian football team Juventus, comes as the city-state seeks to establish itself as a global cryptocurrency hub.

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    Original URL: https://www.afr.com/markets/currencies/singapore-suspends-crypto-exchange-over-spat-with-k-pop-group-bts-20211205-p59exo