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Darren

Mechatronics Engineering at Nanyang Technological University

10 Sep 2021

Cryptocurrency

What are your thoughts on Binance.com being placed on MAS Investor Alert List?

For those currently using it, will you be switching out of Binance?

Discussion (3)

What are your thoughts?

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In the long run, binance should manage to sort this out. But how long that will take can be between a year or 5 years. The opportunity cost associated with such uncertainty especially with crypto’s volatility isn’t ideal.

I personally switched out to crypto.com which offers a suite of services apart from just trading and staking. They’re also MAS exempted pending approval.

View 1 replies

Yes I will be moving funds out of Binance to be safe.

This does not affect the credibility of Binance at all imo. Governments are beginning to view crypto as a threat/opportunity to monetize for them, which is why new regulations are sprouting up all over the place worldwide.

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