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Singapore Central Bank reprimands three Crypto Hedge Fund for violating rules

Singapore’s chief financial regulator criticized the Three Arrows Capital cryptocurrency hedging fund, saying it was providing false information to officials and managing more assets than allowed.

The company ordered the liquidation of a British court in the British Isles, which previously provided false or misleading information to regulators in September 2021 to the management of its fund in an offshore tax haven, namely the monetary authority. Singapore said on Thursday. Thus, Three Arrows did not disclose that one of its founders was a common shareholder in both entities.

Singapore Central Bank reprimands three Crypto Hedge Fund for violating rules

Source link Singapore Central Bank reprimands three Crypto Hedge Fund for violating rules

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