According to TechFlow, on November 21, the Monetary Authority of Singapore said there was no evidence that FTX was directly soliciting Singaporean users. The difference between Binance and FTX is obvious. The lessons learned from FTX show that crypto trading is dangerous. There is no protection for customers who trade cryptocurrencies. Binance solicited users in Singapore, while FTX did not. The Ministry of Commerce has begun an investigation into Binance. Binance is under investigation for possible violations of the Payment Services Act. (Jinshi)