Monetary Authority of Singapore: There was no reason to include FTX in the investor alert list before its collapse

ChainCatcher news, according to CoinDesk, the Monetary Authority of Singapore (MAS) stated that there was no reason to include FTX on the investor alert list before its collapse, and it was not possible to prevent Singapore users from directly accessing overseas service providers, and regulations cannot completely prevent risk speculation trading.

However, the crypto community pointed out on social media that the Monetary Authority of Singapore had previously included Binance on the investor alert list, and the regulator later explained: "For the Monetary Authority of Singapore, it makes no sense to list all unlicensed entities on the investor alert list, and there was no reason for the Monetary Authority of Singapore to list FTX based on the reason for listing Binance." (source link)