Asia's weekly TOP 10 crypto news (Nov 21 to Nov 27)
wublock.substack.com
Author:Lily Editor:Colin Wu 1. FTX’s weekly summary 1.1 MAS Statement to Address Misconceptions in the Wake of Collapse of FTX Link The Monetary Authority of Singapore (MAS) issued a statement on November 21 in response to the FTX incident, noting that MAS had previously placed Binance on the Investor Alert List (IAL) and not FTX because of the apparent solicitation of Singaporean users by Binance, which was not evidenced by FTX. MAS also stated that “the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is hazardous. Even if a crypto exchange is licensed in Singapore, it would be currently only regulated to address money-laundering risks, not to protect investors.”
Asia's weekly TOP 10 crypto news (Nov 21 to Nov 27)
Asia's weekly TOP 10 crypto news (Nov 21 to…
Asia's weekly TOP 10 crypto news (Nov 21 to Nov 27)
Author:Lily Editor:Colin Wu 1. FTX’s weekly summary 1.1 MAS Statement to Address Misconceptions in the Wake of Collapse of FTX Link The Monetary Authority of Singapore (MAS) issued a statement on November 21 in response to the FTX incident, noting that MAS had previously placed Binance on the Investor Alert List (IAL) and not FTX because of the apparent solicitation of Singaporean users by Binance, which was not evidenced by FTX. MAS also stated that “the most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is hazardous. Even if a crypto exchange is licensed in Singapore, it would be currently only regulated to address money-laundering risks, not to protect investors.”