Singapore is a huge financial market that also has a lot of wealthy people that are potential investors into crypto but in the end singapore only has about 5,5 million citizens so i would say that the impact of this news will probably not be that big if you compare this to the news that china basically declared crypto as a whole as illegal and even then the prices only went down around 10-20%. Looking at the BNB price right now i would say that this news had no effect at all at the price as BNB is even in the profit zone today. I am pretty sure this news will be forgotten pretty soon and everything will go on as usual.