HONG KONG/SINGAPORE, July 12 (Reuters) - Singapore's ambitious cryptocurrency sector, by some measures Asia-Pacific's largest, faces an uncertain future after the recent collapse of crypto fund Three Arrows Capital, a high-profile casualty of the global digital currency downturn.
Crypto players in Southeast Asia's financial hub are bracing for further bankruptcies and legal tussles, and expect that regulators at the Monetary Authority of Singapore (MAS), whose welcoming approach helped to attract firms from China, India and elsewhere, may become less accommodating.
"After recent events it appears likely that the MAS will get tougher on crypto and digital assets," said Hoi Tak Leung, a senior technology sector lawyer at Ashurst.
Investment in Singapore's crypto and blockchain companies surged to $1.48 billion in 2021, according to KPMG, ten times the previous year and nearly half the Asia Pacific total for 2021.
Regulators at the MAS have said they hope to encourage crypto-related...
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