Connect with us

Hi, what are you looking for?


The Monetary Authority of Singapore has placed on the investor alert list.

Binance’s Singapore website,, is currently not on the list

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has placed crypto exchange on the investor alert list. 

The placement took place Thursday and only mentions “” on the list. The investor alert list of the MAS provides a list of unregulated entities which may have been wrongly perceived as being regulated or licensed by the authority.

The news comes one week after Binance hired Richard Teng, the former chief regulatory officer of the Singapore Stock Exchange, as CEO of Binance Singapore. Teng also worked at the MAS for 13 years as director of corporate finance from 1994 to 2007. is not on the list 

Notably, Binance’s Singapore website — — is currently not on the investor alert list. 

A Binance spokesperson told The Block that and are separate exchanges. operates in Singapore with its own local executive and management team,” said the spokesperson. “Binance Singapore is backed by Vertex Venture Holdings and is solely focused on growing the Singapore cryptocurrency ecosystem and servicing users in Singapore.”

The spokesperson went on to say that Binance Singapore does not offer any products or services via the website.

Binance operates in Singapore through Binance Asia Services Pte. Ltd. This entity is currently on the list of entities that have been granted an exemption from holding a license under the Payment Services Act for a specified period. In other words, the MAS is currently reviewing the entity’s licensing application.

Binance Singapore has applied for a license with the Monetary Authority of Singapore. We currently operate under the relevant exemption granted by the MAS and are fully committed to working closely with the MAS to comply with all requisite standards for license approval,” said the spokesperson.




US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...


Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...


Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...