Temasek invest into FTX. Of course must kill of binance since its their competitor
(21-11-2022, 07:02 PM)IndianChief Wrote: [ -> ]Temasek invest into FTX. Of course must kill of binance since its their competitor
Singapore doesn't take sides
Singapore based on Principles
The Monetary Authority of Singapore defended its stance on Binance.com and collapsed crypto exchange FTX, following criticisms about the differing treatment of the two firms since the regulator had previously alerted the public to Binance.com.
The “clear difference” between the two was that Binance.com was “actively soliciting” users in the city-state, to the extent of offering listing in Singapore dollars among other incentives, while FTX was not, the MAS said in a statement on Monday. In response to “questions and misconceptions” that it was possible to protect local users who dealt with FTX, such as by ringfencing their assets or ensuring that FTX backed its assets with reserves, the MAS reiterated that FTX isn’t licensed in the country and again warned about
(21-11-2022, 05:54 PM)merline Wrote: [ -> ]https://www.bloomberg.com/news/articles/...emium-asia&leadSource=uverify%20wall
orce
Licking Uncle Sam by forcing Binance and Binance.sg to close the operation here while keeping FTX active.
But Binance supposed to be one to save FXT.
So karma served? 
China licking own wounds now. No need other country lick them.
(21-11-2022, 07:05 PM)sgbuffett Wrote: [ -> ]The Monetary Authority of Singapore defended its stance on Binance.com and collapsed crypto exchange FTX, following criticisms about the differing treatment of the two firms since the regulator had previously alerted the public to Binance.com.
The “clear difference” between the two was that Binance.com was “actively soliciting” users in the city-state, to the extent of offering listing in Singapore dollars among other incentives, while FTX was not, the MAS said in a statement on Monday. In response to “questions and misconceptions” that it was possible to protect local users who dealt with FTX, such as by ringfencing their assets or ensuring that FTX backed its assets with reserves, the MAS reiterated that FTX isn’t licensed in the country and again warned about
I don't understand...MAS is saying Binance was banned because it gave a better deal to users.
It just makes zero sense and is illogical
Can post full article? cannot read becuz no subs.
Thanks.