Binance Shutting Down Crypto Exchange Services in Singapore
Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users will be discontinued from 13 January 2022,” said Binance Singapore. Binance Withdraws Application to Operate Crypto Exchange in Singapore Binance announced Monday some changes affecting all users of its Singaporean platform, Binance.sg. Noting that “The decision has not been made....
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Binance is terminating some services in Singapore, including fiat deposit services and spot trading of cryptocurrencies, to comply with the country’s regulations. The exchange has already ceased trading in Singapore dollars. Binance Scaling Down Services in Singapore Cryptocurrency exchange Binance announced Monday some changes to its offerings in Singapore. The company wrote: With effect from 2021-10-26 04:00 AM UTC (12:00 PM UTC+8), users in Singapore will not be able to access certain functions on Binance.com including fiat deposit services, spot trading of....
The digital currency exchange Binance has announced it will no longer offer spot crypto trading and other services in Singapore. Crypto Exchange Binance Restricts Services In Singapore As announced by Binance on its website, users in Singapore can no longer access certain services on the crypto exchange. These services include “fiat deposit services, spot trading […]
Cryptocurrency exchange, Binance, has been taking heat from national regulators this year. Just two days ago, the Monetary Authority of Singapore added Binance to the investor alert list. This action was a result of the exchange’s breach of the Payments Services Act in Singapore. Related Reading | Singapore Regulator Says Binance Unlicensed, Alerts Investors The U.S., […]
Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.”
Binance Complying With Singapore’s Regulations
Crypto exchange Binance announced Sunday changes to its services in Singapore. The company wrote that “to remain compliant with local regulators,” it will cease....
Singapore’s financial regulator has added Binance to the investor alert list, signifying that the crypto exchange is unlicensed to provide payment services in the nation. The Monetary Authority Of Singapore Adds Crypto Exchange Binance To The Investor Alert List As per a report from Bloomberg, the Monetary Authority of Singapore says Binance doesn’t have a […]