Crypto exchange Binance placed on Singapore's Investor Alert List following complaints

Crypto exchange Binance placed on Singapore's Investor Alert List following complaints

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

Cryptocurrency exchange Binance was investigated by Singapore’s Commercial Affairs Department (CAD), following several complaints between January and August 2021. Subsequently, it was placed on the city-state’s Investor Alert List (IAL), the Monetary Authority of Singapore (MAS) said in a statement on Monday.