Summary
- The Monetary Authority of Singapore (MAS) said crypto-asset trading is not suitable for the general public and urged consumers to act cautiously.
- MAS said Binance is not licensed to provide regulated financial services in Singapore and was added to its Investor Alert List in September 2021.
- MAS said it requires licensed firms to maintain controls for technology and cyber risk management and customer asset protection, but such measures cannot completely prevent losses caused by the…
