Singapore Says Binance Is Not Authorized for Regulated Services | TokenPost

Singapore’s financial regulator is warning consumers to avoid unregulated crypto platforms, saying trading is generally unsuitable for the public. The Monetary Authority of Singapore (MAS) said Binance is not authorized to provide regulated financial services in Singapore, urging caution after a recent theft involving the exchange. In comments dated Thursday, Nov. 5, a MAS spokesperson also emphasized that regulatory safeguards can’t fully eliminate losses tied to the inherent risks of cryptocurrency, even when users trade through licensed companies. The regulator’s notice reinforces MAS’s broader approach: licensed access doesn’t remove volatility and risk for individual consumers.