No cause to list FTX on same basis as Binance, operator is neither licensed nor exempt: MAS

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While FTX does not operate in Singapore, it is not possible to prevent Singapore users from directly accessing overseas service providers, said the Monetary Authority of Singapore.

consumers that Binance is not regulated or licensed to provide any payment services in Singapore.

“Binance was not banned from operating in Singapore,” it said. “Binance did not have the requisite licence to solicit customers from Singapore and had to cease doing so.”

 

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