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MAS Strikes Again: imToken Wallet Joins Binance on Warning List


by CoinEdition

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MAS Strikes Again: imToken Wallet Joins Binance on Warning List
  • Singapore MAS lists non-custodial wallet imToken on its Investors Alert list.
  • Entities listed on the alert list lack operational authorization from MAS.
  • Binance exited Singapore for Dubai after MAS similarly flagged its service in 2021.

The Monetary Authority of Singapore (MAS), the central bank in the country, has added the popular crypto wallet imToken to its warning list, cautioning crypto enthusiasts about engaging with the crypto non-custodial service.

Hong Kong-based Chinese reporter Colin Wu called public attention to this development in a recent post on X. According to the image attached to the reporter’s post, IMTOKEN PTE. LTD was listed on MAS’s “Investor Alert” list on December 5, 2023. 

Per the disclosure, MAS included imToken in the alert list to clarify the regulatory status of the non-custodial wallet to Singapor…

The post MAS Strikes Again: imToken Wallet Joins Binance on Warning List appeared first on Coin Edition.

Read the article at CoinEdition

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MAS Strikes Again: imToken Wallet Joins Binance on Warning List


by CoinEdition

Share:

MAS Strikes Again: imToken Wallet Joins Binance on Warning List
  • Singapore MAS lists non-custodial wallet imToken on its Investors Alert list.
  • Entities listed on the alert list lack operational authorization from MAS.
  • Binance exited Singapore for Dubai after MAS similarly flagged its service in 2021.

The Monetary Authority of Singapore (MAS), the central bank in the country, has added the popular crypto wallet imToken to its warning list, cautioning crypto enthusiasts about engaging with the crypto non-custodial service.

Hong Kong-based Chinese reporter Colin Wu called public attention to this development in a recent post on X. According to the image attached to the reporter’s post, IMTOKEN PTE. LTD was listed on MAS’s “Investor Alert” list on December 5, 2023. 

Per the disclosure, MAS included imToken in the alert list to clarify the regulatory status of the non-custodial wallet to Singapor…

The post MAS Strikes Again: imToken Wallet Joins Binance on Warning List appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Asia Morning Briefing: BTC Market Stress Reveals a New Crypto Order

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Market observers note stable XRP/BTC and ETH/BTC ranges and an unusually balanced top...
Swiss Bank AMINA Joins 11 Platforms in Hong Kong’s Global Crypto Gold Rush

Swiss Bank AMINA Joins 11 Platforms in Hong Kong’s Global Crypto Gold Rush

In Brief AMINA Bank received a Type 1 license uplift from Hong Kong's Securities and...