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S'pore to gain from US crypto regulatory woes, says digital asset bank
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Uncertainty over crypto regulation in the US has prompted some companies to move their headquarters offshore.
PHOTO: REUTERS
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SINGAPORE - Singapore's digital asset sector can benefit from the regulatory troubles brewing in the United States, said industry executive Diogo Monica.
Mr Monica, the co-founder of American cryptocurrency bank Anchorage Digital, told The Straits Times on Thursday that many domestic and international players in the crypto space may be pushed to set up headquarters outside of the US.
