tldr

• Singapore banned crypto staking due to concerns around potential market manipulation (source: Straits Times)
• Thai government followed suit by implementing stricter regulations on crypto trading and investment platforms (source: Bangkok Post)
• Both countries have taken steps to prevent risks associated with cryptocurrencies such as money laundering and terrorism financing (source: Finews Asia)
• Crypto exchanges in Singapore must apply for licenses under new rules implemented by Monetary Authority of Singapore (MAS) (source: Coindesk)
• Stakers in both countries are now unable to earn rewards from holding certain coins (source: Cointelegraph).