In addition, the MAS has imposed limitations on cryptocurrency service providers, preventing them from enabling retail customers to engage in token lending and staking activities.
In the bankruptcy hearing held on Thursday for the exchange, the liquidators strongly advocated for the assets to be entrusted to the jurisdiction of a Bahamian court.
The miner stands to earn up to $75 million in management fees for the Celsius mining rigs over a span of five years, making it a highly lucrative venture.
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