Crypto Live News
Author: Mustafa MullaMustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017. Sep 21, 2023 12:07
Singapore has frozen assets worth $1.8 billion, including cash, cryptocurrencies, and properties, in its ongoing money laundering investigations. Singapore banks are now expanding their probe into Chinese-born clients with other citizenships, with an increased focus on clients still holding cryptocurrencies. Reports suggest banks are reviewing new account openings and transactions with clients of Chinese origin, while some accounts are being closed. Singapore’s reputation as a wealth hub has been affected by the high-profile arrests of 10 wealthy Chinese individuals and the seizure of $1.8 billion in assets, including cryptocurrencies.