"Unlicensed cryptocurrency exchanges are like street vendors without permits—when the city management comes, they pack up and run!"
The Monetary Authority of Singapore (MAS) recently shouted through a loudspeaker: "Attention all cryptocurrency 'street vendors'! Time-limited evacuation from the CBD, only licensed 'restaurants' can operate!"




New regulations made easy theater

Scene ① Regulatory dad checks household registration
MAS: "Please show your cryptocurrency business license!"
Unlicensed platform: "License? How about freshly made Bitcoin pancakes? They're hot!"
MAS: "...Countdown to shutdown starts in 30 days!"

Scene ② Licensed big shot's Versailles
Coinbase employee sticking posters while shouting:
"Certified restaurant's third anniversary! Open an account today and receive a Bak Kut Teh voucher + anti-runaway insurance!"

The diverse world of cryptocurrency

Extreme operations of unlicensed platforms
Employee packing keyboards while complaining:
"The boss said to shift to the metaverse and continue vending, but he ended up deleting his account and running away—
Left a note: 'This account has been moved to the Mars regulatory zone'"

User reaction compilation

Buddhist-style player: "Huobi has already obtained a license, calmly savoring milk tea~"
Scientist user: "Checked! Licensed platforms have an 20% discount on fees! The money saved is enough to buy two bowls of Hainan chicken rice!"
Joke master: "Suggesting unlicensed platforms switch to selling NFT pancakes, absolutely legal!"

Survival guide

Mnemonic: Check, Transfer, Savor Noodles

Check the license: Look for the "MAS certification" gold badge at the bottom of the official website (like checking restaurant hygiene ratings)

Transfer assets: Unlicensed platform? Withdraw your coins immediately! Faster than the city management shutting down stalls!

Savoring a bowl of noodles: After transferring, reward yourself with a bowl of Singapore laksa to celebrate successfully avoiding the pitfall!

Soul reminder:
Your Bitcoin is not a stray cat! Don't let it sleep in a cardboard box at an unlicensed platform!

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