Is kava banned in Singapore?

Could you please clarify the legal status of Kava in Singapore? I've heard conflicting reports about whether or not it's banned. Given the rapidly evolving nature of cryptocurrency regulations globally, it's crucial to stay informed. Could you provide a concise yet comprehensive overview of the current situation? Specifically, are there any legal restrictions on the use, trading, or ownership of Kava in Singapore? And if so, what are the potential consequences for those who violate these restrictions?