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The Monetary Authority of Singapore (MAS) received eight complaints against financial influencers, mainly related to comments made by two “finfluencers” who withdrew their money from an investment platform. MAS emphasized the responsibility of finfluencers in creating awareness of financial products and services without providing financial advice. MAS is reviewing an incident involving an investment platform that offered instant withdrawals and a debit card linked to investments, highlighting the importance of clear disclosures and risk management.
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