Singapore suspends Bitget trade permit over K-Pop coin advancement

December 6, 2021




The Singapore-based Bitget trade has purportedly lost its permit after a lawful tussle with the organization for K-Pop teen pop band BTS


Singapore-settled computerized resource stage, Bitget, has supposedly been suspended by the Monetary Authority of Singapore subsequent to getting into a debate with an organization for the famous K-Pop teen pop band BTS.


As revealed by the Financial Times on Dec. 5, Bitget lost the Singapore permit following the disputable posting of another K-Pop-related digital money called Army Coin. Be that as it may, the crypto trade actually claims to have licenses in different wards like Australia, Canada, and the United States.


The issue emerged on Oct. 25, when the Bitget trade shared a tweet advancing Army Coin, which is named after the South Korean boyband’s devotees.


It purportedly utilized misdirecting data, for example, “This coin exists to support BTS” and “Armed force coin intends to deal with BTS individuals forever”.

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