‘Most dangerous product in crypto’ vexes Singapore
AI Summary
Singapore is expressing concern over Hyperliquid Labs and its popular perpetuals trading platform, which some have dubbed the "most dangerous product in crypto." The city-state, known for its cautious approach to financial innovation, is trying to distance itself from the platform to avoid potential risks and scandals. This move underscores the regulatory tension between embracing new financial technologies and maintaining stability, highlighting the broader challenges regulators face in the volatile crypto space.
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