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Binance.com Added to MAS Investor Alert List: What Crypto Investors Need to Know
By Seedly  •  September 2, 2021
On Thursday afternoon (2 Sep 2021), Cryptocurrency exchange Binance.com was placed on the Monetary Authority of Singapore’s (MAS) investor alert list. Source: MAS Website on 2 Sep 2021 For context, MAS places companies on this list for giving the public the wrong impression that they are licensed or regulated by the MAS to provide regulated financial services in Singapore even if they do not have a license or have not been exempted from licensing by MAS. At the time of writing, there are currently 699 companies registered in Singapore and overseas that are placed on this list. What to make of this situation and what should Binance.com investors do? Here is what you need to know! Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any investment product. The writer may have a vested interest in the investments products mentioned. ...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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