Singapore’s watchdog says Binance placed on Investor Alert List over FTX due to unlicensed activity

The Monetary Authority of Singapore (MAS) said it placed Binance on its Investor Alert List (IAL) and not the bankrupt FTX because the former is actively looking for users in the country, while the latter is not, according to a Nov. 21 statement. The watchdog added that neither Binance nor FTX are licensed to operate … Read more

Bahamas Securities Commission neither “authorized” nor condones FTX enabling local withdrawals

In a press release on Nov. 12, the Securities Commission of The Bahamas (SCB) contradicted the statement published by FTX about resuming withdrawals in The Bahamas. Securities Commission Addresses FTX Statement on Bahamian Withdrawals — Securities Commission of The Bahamas (@SCBgov_bs) November 12, 2022 On Nov. 11, the former head of institutional sales at … Read more

Australian watchdog launches legal action against BPS for misrepresenting ‘crypto’ token Qoin

The Australian Securities and Investment Commission (ASIC) has launched legal action against BPS Financial Pty Ltd (BPS) over engaging in unlicensed conduct and misleading representations about its crypto token Qoin, according to an ASIC press release on Oct. 25. The Qoin Facility is a non-cash payment facility established in January 2020. Qoin can be bought … Read more