imToken responded: Due to the nature of the decentralized wallet, user assets are not affected by this inclusion in IAL.
The Monetary Authority of Singapore (MAS) added imToken, a non-custodial Web3 wallet service provider based in Singapore, to its Investor Alert List (IAL). In response, imToken stated that it was added to the IAL because its headquarters are in Singapore and it has not applied for a Singapore financial business license. It should be noted that due to imToken's decentralized wallet nature, user assets are not affected by this inclusion in the IAL.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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