Lately, there’s been quite a stir over whether finfluencers in Singapore are required to get licensed, and the way the media has handled it has left many believing—incorrectly, I might add—that individuals like myself must now hold a license.
Let’s set the record straight:
Finfluencers are not required to be licensed in Singapore.
The confusion kicked off on November 13th when The Straits Times ran a story with a rather misleading headline. This article sparked a whole lot of fuss, with various media outlets jumping on the story and perpetuating this misunderstanding. What’s important to note is that there’s been absolutely no change in the Monetary Authority of Singapore’s (MAS) position on this matter regarding finfluencers.
Here are some important points to consider: Over the past five…
