Singapore-headquartered digital asset platform Bitget has reportedly been suspended by the Monetary Authority of Singapore after getting into a dispute with an agency representing the popular K-pop boy band BTS.
As reported by the Financial Times on Sunday, Bitget lost the Singapore license following the controversial listing of a new K-pop-related cryptocurrency called Army Coin (ARMY). However, the crypto exchange still claims to have licenses in other jurisdictions such as Australia, Canada and the United States.