[The Monetary Authority of Singapore (MAS) reminds the public to avoid trading with unregulated companies, reiterates that Binance is not authorized to provide regulated financial services] Odaily reports that a spokesperson for the 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.