Cointime update: Singapore’s Monetary Authority said on Nov. 5 that the general public is not suited to crypto trading and should avoid dealing with unregulated companies, responding to a recent hack at Binance. MAS reiterated that Binance is not licensed to provide regulated financial services in Singapore, and that trading through licensed firms still cannot eliminate losses from crypto’s inherent high risks.
Singapore MAS Warns Public Against Unregulated Crypto Firms After Binance Hack
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
27m ago
Dormant Bitcoin Whale Withdraws 1,286 BTC Worth $98.11M From Binance in 24 Hours
28m ago
Galaxy CEO Novogratz to Buy More GLXY Shares, Cites Value Gap
1h ago
Definitive Growth Lead’s Hot Wallet Drained in Suspected Railway Exploit
1h ago
Reth Client Bug Affects Multiple EVM Chains; BNB Chain Says Impact Limited
1h ago
Zcash Completes NU7 Upgrade, Cuts Block Time to 25 Seconds
2h ago
Binance to Resume Withdrawals for More Assets From Nov 6, 12:00 Beijing Time