On: Luna Cryptocurrency Collapse: How UST Broke

[cheeze]

These people should just file a complaint with the regulator that manages this stuff.

Oh, wait...

[px43 → cheeze]

Crypto.com is a heavily regulated entity.

[woodruffw → px43]

By who? I looked them up, and they're in Singapore. I can't find a regulatory statement on their website either.

[dehrmann → woodruffw]

Not the country I'd run a business like that from. If you accidentally broke the law, it might be very painful.

[woodruffw → dehrmann]

Singapore is known for strict social laws, not for strict financial laws.

[smabie → woodruffw]

Pretty sure Singapore businesses are heavily regulated?

[thehappypm → smabie]

They are not. Singapore’s business model is to be a hub for international business, and being low regulation is a important part of that strategy. Singapore regulates many things about it’s social structure, but international business is very free and open.