Singapore Regulator Adds Binance.com to its Investor Alert List
Singapore’s financial regulator and central bank, the Monetary Authority of Singapore (MAS), has just added Binance.com to its investor alert list.
Apparently, the crypto exchange has been included on the list today, Thursday. The list includes unregulated entities with the aim of making investors aware they are not regulated or authorized by the MAS.
Just a week ago the company hired Richard Teng, former chief regulatory officer of the Singapore Exchange, as CEO of Binance Singapore.
Although Binance.com has been included on the list, its dedicated website for Singapore, Binance.sg, is not currently on the list.
Binance is currently operating in Singapore through Binance Asia Services Pte Ltd in Singapore, whose license application is pending approval by the regulator.