Singapore suspended the operations of a Bitcoin exchange. The Monetary Authority of Singapore has announced that it is suspending the operations of crypto exchange Bitget. The reason why the stock market was stopped is interesting: It is stated as a dispute with the famous South Korean music group BTS about “Army Coin”.
Singapore suspends trading of Bitcoin exchange Bitget
Singapore’s regulatory agency, the Monetary Authority of Singapore, has made an important decision. The Monetary Authority of Singapore announced that it has suspended the operations of the cryptocurrency exchange Bitget. The reason for this is the problems of Army Coin, a crypto money project supported by Bitget, with the famous music group BTS.
cryptocoin.com As we previously reported, Bitget has advertised that Army Coin is a way to provide long-term support to BTS members. However, the famous music group BTS denies any affiliation with Army Coin. BTS announced that they will also take legal action regarding the issue. The Monetary Authority of Singapore also blocked investors from accessing the website after Bitget suspended its operations.
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