SG regulator cancels crypto lender Hodlnaut's licence as troubles mount 

SG regulator cancels crypto lender Hodlnaut's licence as troubles mount 

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

The Monetary Authority of Singapore (MAS) has cancelled its in-principle approval for crypto lender Hodlnaut to obtain a digital payment token services licence, it confirmed in a statement on Wednesday.

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