Is Binance banned in Singapore?

Could you please clarify if Binance is currently prohibited in Singapore? I've heard rumors about regulatory restrictions, but I'm not entirely sure about the accuracy of those statements. Could you provide any official statements or announcements regarding Binance's status in Singapore? Additionally, would it be possible to outline any potential consequences for individuals or businesses operating with Binance in Singapore, despite any supposed ban? Thank you for your assistance in clarifying this matter.