Crypto Critic Wins Presidency- Singapore's Crypto Future?
Tharman Shanmugaratnam, a critic of cryptocurrencies, has won Singapore's presidential election. He secured over 70% of the vote
As former chairman of Singapore's Monetary Authority, he implemented policies that restricted crypto exchanges and labeled crypto as risky
His election could impact Singapore's ambition to be a global crypto hub, drawing parallels to the U.S., where regulation has hindered crypto growth