Crypto exchange

Hack is the latest in a string of recent attacks that have put crypto cybersecurity in the spotlight

It has missed the FATF’s deadline by over a year to plug anti-money laundering gaps

Singapore-led firm is on the MiCA register which is dominated by European and US-based entities

Bybit said on X that it is aware of the listing and is engaging with MAS to understand the reason behind it

Digital assets have lost their portfolio-hedge appeal, increasingly tracking broader financial markets and curbing cross-asset inflows

Bitcoin is down about one-third since hitting a peak in October

A transaction-based levy of 0.1% simplifies state oversight, ensures transparency of investor cash flows

The goal is to create a cheaper, digital alternative to traditional non-deliverable forwards

The hardest hit departments include growth and customer relationship management