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Singapore's central bank and financial regulator, the Monetary Authority of Singapore (MAS), has placed the industry's largest crypto exchange Binance.com on the investor alert list. The MAS’s alert list of investors shows a list of unregulated entities which may have been wrongly perceived as being regulated or licensed by the authority. On Thursday MAS who is also regulating both monetary policy as well as monitoring the countries financial sector, has placed "www.binance.com" on the list. The news comes one week after Binance hired Richard Teng, the former chief regulatory officer of the Singapore Stock Exchange, as CEO of Binance Singapore. Teng also worked at the MAS for 13 years as director of corporate finance from 1994 to 2007. In August a spokesperson from MAS said that Binance Asia Services which was the Binance's registered entity in Singapore was not currently licensed. It has applied for a license and the application is under review by the regulator. Currently the entity is temporarily exempt from licensing under Singapore's Payment Services Act until the application is approved, rejected, or withdrawn.
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