Singapore regulator places Binance.com on investor alert list

Tl;DR Breakdown Singapore regulator places Binance.com in investor alert list.Singapore’s Investor alert list is compiled to show entities that are not licensed.Binance.com listing leads to confusion as Binane.sg is exchange entity that operates in Singapore. Singapore regulator, Monetary Authority of Singapore (MAS), has placed embattled crypto exchange Binance.com on the country’s investor alert list. This comes as another blow to the number one crypto exchange firm that has suffered series of clampdowns from regulators across countries. The regulator put the exchange firm on the alert list on Thursday, specifically mentioning “Binance.com.” The Singapore investor alert list is compiled to show unregulated entities that are easily perceived as being regulated or licensed by the authority. MAS official website didn’t offer any further detail on the reason behind Binance’s inclusion on the list, and just the website’s link was posted. Binance listing in the investor alert list comes just one week after Binance Singapore appointed Richard Teng as CEO. Confusion trails Singapore regulator investor alert list After the MAS listed Binance.com in its investor alert list, it has led to confusion as Binance.com and Binance.sg are different entities, according to the exchange spokesperson. The spokesperson said Binance.sg operates in Singapore with its own local executive and management team independent of Bnance.com. “Binance Singap...