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2021-12-06

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Singapore suspends crypto exchange in dispute with K-pop stars BTS, FT says

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore suspends crypto exchange in dispute with K-pop stars BTS, FT says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-06 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/banking/singapore-suspends-crypto-exchange-in-dispute-with-k-pop-stars-bts-ft-says><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (BLOOMBERG) - Singapore's regulator has suspended Bitget, a crypto exchange that got into a dispute after promoting the digital currency Army Coin, named after the South Korean boy band BTS'...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/singapore-suspends-crypto-exchange-in-dispute-with-k-pop-stars-bts-ft-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"http://www.straitstimes.com/business/banking/singapore-suspends-crypto-exchange-in-dispute-with-k-pop-stars-bts-ft-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2189665572","content_text":"SINGAPORE (BLOOMBERG) - Singapore's regulator has suspended Bitget, a crypto exchange that got into a dispute after promoting the digital currency Army Coin, named after the South Korean boy band BTS's followers, the Financial Times reported.\nBitget, a sponsor of Italian football team Juventus, has promoted the Army Coin, saying it was created to give lifetime-support to BTS so that the boy band members could focus entirely on making music and other art for the rest of their lives.\nIn Oct 27, when the coin was listed, the price surged more than 5,000 per cent at one point.\nBut BTS's agency Hybe said the coin has no connection with BTS and threatened to take legal action.\nIn reaction to Hybe's warning, Bitget announced on Oct 29 that since it is a trading platform and did not create the coin itself, it will not take any responsibility for the listed Army Coin.\nBitget has now removed the Monetary Authority of Singapore's logo from its website and has blocked Singapore users from accessing its app and website, the FT reported. 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