FirstFT: Crypto company known for risky ‘perps’ vexes Singapore

The crypto company under scrutiny in Singapore for its involvement in risky perpetual contracts, or "perps," is causing significant headaches for regulators. This situation highlights the growing tension between the innovative fintech sector and traditional financial oversight. As Singapore continues to navigate its regulatory stance on cryptocurrency, this issue could have broader implications for how other nations approach the rapidly evolving digital asset market. For more details, check out the full article on the Financial Times website.