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Unlike Binance, FTX Was Not Actively Soliciting Users — The Monetary Authority of Singapore

1 min read Original Link

The Monetary Authority of Singapore has released a statement explaining why it had warned Binance, but not FTX, about its operations in the country and clarifying several misconceptions in the wake of the FTX collapse and bankruptcy filing.

  • FTX is Not Licensed to Operate in Singapore
  • Binance Was Actively Soliciting Users While FTX Was Not
  • Dealing With Any Crypto Platform is Hazardous
  • Singaporeans Were Heavily Affected by FTX’s Collapse

(by John P. Njui)

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