Recently we were able to see several cryptocurrency firm’s accounts closed due to some reason in Singapore. All of them have been providing cryptocurrency services and transactions.
At the first sight, national bank of Singapore seems to be responsible for that, but in further research, it looks like they are not responsible.
We discovered that an account of CoinHako was actually closed by the largest bank in south-east Asia, the DBS Group Holdings Ltd. Even more severe, there were no reasons provided for that!