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Singapore suspends crypto exchange over row with K-pop band BTS
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theguardian.comSingapore’s financial regulator has reportedly suspended Bitget, a crypto exchange that is mired in a row involving South Korea’s biggest boyband, BTS.
Bitget has removed the Monetary Authority of Singapore’s logo from its website, the Guardian confirmed. The platform still claims to have licences from Australia, Canada and the United States, according to its website.
According to a Financial Times report on Sunday, Bitget was suspended after it got into a high-profile dispute for promoting the digital currency Army Coin, named after the band’s followers, who are known as the BTS army.
The platform was in October threatened with legal action by the BTS management company, Hybe Corporation, for promoting Army Coin to traders using an
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