Singapore Bank Sanctions Crypto Fund Founders Over Regulatory Breaches

The Monetary Authority of Singapore (MAS), the nations key financial regulator, recently imposed a nine-year ban on Kyle Davies and Su Zhu. The duo, co-founders of the cryptocurrency hedge fund, Three Arrows Capital (3AC), have been found guilty of breaching the countrys securities regulations. Starting September 13, Davies and Zhu are prohibited from engaging in any regulated activities. Moreover, they cannot serve as directors, manage, or hold significant shares in any capital market services business within Singapores jurisdiction. This punitive action against the two financiers was...


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