Cryptocurrency exchange suspended over army coin dispute with boy band BTS

  • Singapore’s regulator has suspended Bitget, a cryptocurrency exchange that got into a dispute after promoting the digital currency Army Coin, named after the South Korean boy band BTS’s followers, the Financial Times reported.
  • Bitget, a sponsor of Italian football team Juventus, advertised Army Coin as a way to provide lifetime financial support to BTS members.
  • BTS’s agency Hybe said late October the coin has no connection with BTS and threatened to take legal action.
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