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
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