According to Lianhe Zaobao, in response to the recent Binance hack, a spokesperson for the Monetary Authority of Singapore (MAS) stated on November 5th that the general public is not advised to engage in cryptocurrency trading, and consumers should exercise caution and avoid trading with unregulated companies. The MAS reiterated that Binance is not authorized to provide regulated financial services in Singapore; even when trading through licensed companies, regulatory measures cannot completely eliminate the inherent high risks and potential losses associated with cryptocurrencies. https://www.(wublock123.com)/news/mas-replies-to-binance-incident-warns-public-avoid-unregulated-firms-71457