Crypto lender Hodlnaut will not be allowed to conduct regulated services in Singapore: MAS

This move will affect Hodlnaut's token swap services, which have also been suspended. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Singapore-based crypto lender Hodlnaut, which on Monday (Aug 8) froze withdrawals and withdrew its application for a licence to provide digital payment token services here, will not be allowed to conduct regulated activities, the Monetary Authority of Singapore said on Tuesday (Aug 9).

This move will affect Hodlnaut's token swap services, which have also been suspended by the beleaguered firm.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.