Singapore's rulers are also not lenient when measuring.

According to Crypto界 news, the Monetary Authority of Singapore has revoked the payment license of crypto liquidity provider BSquared Technology (BSQ), citing “serious violations” of regulatory rules. The decision prevents the company from operating in Singapore. This move is significant because Singapore is generally seen as a crypto-friendly hub while maintaining strict compliance standards. The action shows that regulators are increasing pressure on crypto firms, requiring them to meet licensing and risk management requirements, as global regulation tightens.