Crypto wallet firm imToken was added to the investor alert list in Singapore because it has not applied for a license in the country, the firm said.
Cryptocurrency wallet firm imToken has responded to the Monetary Authority of Singapore (MAS) including it on the Investor Alert List (IAL), which is used to warn investors against suspicious platforms.
imToken took to X (formerly Twitter) on Jan. 9 to announce that imToken was blacklisted in Singapore because the company is “headquartered in Singapore,” but has not applied for a financial business license there.
“We are currently actively communicating with MAS to clarify the distinctions in our business model to get imToken removed from the Investor Alert List,” imToken said in a statement.
