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Central Bank of Singapore rebuked the three arrows of crypto hedge funds and said it ignored the rules

Singapore’s top financial regulator said it rebuked the crypto hedge fund Three Arrows Capital, provided false information to the authorities and managed more assets than allowed.

The company, which was recently liquidated by a British Virgin Singapore court, was falsely or misunderstood by regulators when it transferred control of its funds to the Monetary Authority of Singapore, an offshore tax haven entity, in September 2021. Was providing information that would invite you. Singapore said Thursday. In doing so, Three Arrows did not reveal that one of its founders is a common shareholder of both entities.

Central Bank of Singapore rebuked the three arrows of crypto hedge funds and said it ignored the rules

Source link Central Bank of Singapore rebuked the three arrows of crypto hedge funds and said it ignored the rules

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