{"id":155623,"date":"2023-09-14T09:55:41","date_gmt":"2023-09-14T04:25:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=155623"},"modified":"2023-09-14T09:55:41","modified_gmt":"2023-09-14T04:25:41","slug":"singapores-central-bank-slugs-three-arrows-founders-with-9-year-ban-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/singapores-central-bank-slugs-three-arrows-founders-with-9-year-ban-crypto-news\/","title":{"rendered":"Singapore&#8217;s central bank slugs Three Arrows founders with 9-year ban &#8211; Crypto News"},"content":{"rendered":"<div data-v-281e09ba=\"\">\n<p>The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country&#8217;s securities laws.<\/p>\n<p>In a Sept. 14 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sgpc.gov.sg\/api\/file\/getfile\/MAS%20Media%20Release%20-%20MAS%20issues%20Prohibition%20Orders%20against%20Three%20Arrows%20Capital%20Zhu%20Su%20and%20Kyle%20Livingston%20Davies.pdf?path=\/sgpcmedia\/media_releases\/mas\/press_release\/P-20230914-1\/attachment\/MAS%20Media%20Release%20-%20MAS%20issues%20Prohibition%20Orders%20against%20Three%20Arrows%20Capital%20Zhu%20Su%20and%20Kyle%20Livingston%20Davies.pdf\">statement<\/a>, MAS said Su and Davies will be banned from regulated activities and won&#8217;t be permitted to manage, act as a director, or be a\u00a0substantial shareholder of any capital market services business during the prohibition period that started Sept. 13.<\/p>\n<p>In its decision to bar the pair, MAS said Su and Davies failed to notify the central bank that 3AC employed a new business representative, gave false information to the regulator and failed to have an appropriate risk management framework in place.<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country&#8217;s securities laws. In a Sept. 14 statement, MAS said Su and Davies will be banned from regulated activities and won&#8217;t be permitted to manage, act as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":155624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-155623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=155623"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155623\/revisions"}],"predecessor-version":[{"id":155626,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/155623\/revisions\/155626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/155624"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=155623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=155623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=155623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}